Question

Identify & explain a forecasting application that can be used (or is being used) in your organization (or an organization you are familiar with). In addition, what would you consider to be the advantages of this this specific forecasting approach?

Answer #1

Forecasting business activity is critical in financial
planning.
Identify the different methods of forecasting and how each
method is used and the purpose of each.
Which method are you familiar with and why?

Identify a specific application where matrix multiplication
can be applied to determine its solution. Fully explain why matrix
multiplication is appropriate and how you convert the application
to matrix form.
Then, research matrix multiplication using excel (try googling
“excel matrix multiplication”) and solve your application using
excel. Include a partial hand calculation to show your work on
excel is correct. Explain the result of the matrix multiplication.
For example, interpret the value in a specific cell in the product
matrix....

Identify three sources of revenue that may assist you in the
financial forecasting for your organization

Week 8: Time Series Forecasting
In your environment (business or personal), please give an
application of exponential smoothing and WHY you would
use only this technique.
In your environment (business or personal), please give an
application of trend projection and WHY you would use
only this technique.
In your environment (business or personal), please give an
application of moving average and WHY you would use
only this technique.

What is re-forecasting, and how is it (or could it be) used in
the budgeting process in your organization?
How is re-forecasting similar to (and different from) continuous
budgeting or rolling budgets?

What role does forecasting play in the strategic planning
process? What are some aspects of forecasting you must consider in
your plan? Why? Do you believe forecasting is reliable? Why or why
not? What might an alternative approach or method be?

Identify and explain the various barriers to change initiatives
in a health care organization. What can you do to assist your
organization in removing these barriers?

Identify the variables used in financial forecasting for
retirement, investing, savings, and loans that impact payments,
term to payoff, etc. Specifically, why is $1.00 today worth more to
you than $1.00 in twenty (20) years?

What is a flat file database? How can it be used for
forecasting?

Identify two shortcuts take can not be used to quickly cool sterile
loop and explain what would result from these methods.

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