CRITICAL THINKING: ECOM-500 Business and IT

Description

Electronic Manufacturing Inc. is dedicated to the production of diverse products related to computers. Below you will see the production data of four of their products during the past 3 years presented in quarters.

Examine the historical production trends and address the following:

Prepare demand forecasts for the next four quarters for all four products.

Describe the forecasting method you chose and explain why that forecasting method is best suited to this scenario.

Explain why you did, or did not, choose the same forecasting method for each product.

What are the benefits of using a formalized approach to forecasting these products?

Year 1

Products

Quarter

Motherboard

Hard Drive

Video Card

Ink

2,550

1,525

1,855

5,250

995

1,025

1,285

4,250

3,850

3,025

4,240

5,155

2,855

3,175

1,970

5,345

Total

10,250

8,750

9,350

20,000

Year 2

Products

Quarter

Motherboard

Hard Drive

Video Card

Ink

4,025

3,965

3,525

9,350

2,595

3,025

9,005

6,225

3,250

7,320

9,255

5,905

4,125

3,480

10,640

Total

18,750

14,365

17,350

38,250

Year 3

Products

Quarter

Motherboard

Hard Drive

Video Card

Ink

5,275

4,905

4,850

13,250

3,350

4,250

4,325

13,125

7,005

4,105

8,150

13,325

6,730

5,535

4,625

15,775

Total

22,360

18,795

21,950

55,475

Explanation & Answer:

5 pages

User generated content is uploaded by users for the purposes of learning and should be used following our honor code & terms of service.



^{Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."}

Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.