This week you will be researching and writing on one of the most basic methods of forecasting: Judgmental Forecasting. After reading Chapter 3 in Chase (Overview of Forecasting Methods), access the three excellent resources on Judgmental Forecasting hyperlinked below. Use all three, for they each provide a different perspectives on the broad methodology of forecasting future demand using experience, insight, and business savvy. You may also want to search the internet for any additional resources that add to the lesson material in chapter 3. As the instructions advise in previous assignments, if you do add additional sources, do not use ads for purchase advertisements for consultancies or statistical software. Use the template attached to this assignment for your submission. The template includes sections to guide you this week on your essay assignment to explain the methodology of Judgmental Forecasting.
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Judgmental Forecasting Resources:
Forecasting Principles and Practices (1 page)
A Comparison of Judgmental Forecasting Techniques (9 pages)
The Delphi Method (1 page)
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Instructions:
Utilize the template attached below for this assignment. Label your submission document as follows: Johnston_Assignment_3
Minimum 1000 words of content of strategic material, double spaced. Content requirement does not include cover page, abstract, nor reference pages.
Source, Cite, and Reference a minimum of 3 expert resources to provide testimony to and support for your essay. Each resource is to add to the content through either paraphrasing the author’s position on the subject or a direct quote. Refrain from excessive use of quotes in your response (less than 5% of the 1000 words).
Resources and citations are formatted according to APA (7th edition) style and formatting.
