Table of Contents
Ohio University Corporate MBA Program
CMBA 611: Management of Operations
Chapter 4 Forecasting Demand
What’s a forecast?
Why are they important?
Businesses may use forecasts in several subject areas
Businesses may use forecasts in several subject areas
Businesses may use forecasts in several subject areas
Businesses may use forecasts in several subject areas
Businesses may use forecasts in several subject areas
Numerous factors affect demand
Numerous factors affect demand
Numerous factors affect demand
Numerous factors affect demand
Numerous factors affect demand
Numerous factors affect demand
Numerous factors affect demand
Numerous factors affect demand
Forecast horizons and update frequencies
Forecast horizons and update frequencies Long range forecasts
Forecast horizons and update frequencies Long range forecasts
Forecast horizons and update frequencies Long range forecasts
Forecast horizons and update frequencies Intermediate range forecasts
Forecast horizons and update frequencies Intermediate range forecasts
Forecast horizons and update frequencies Intermediate range forecasts
Forecast horizons and update frequencies Short range forecasts
Judgment is needed in forecasting
Overview of fore- casting methods
Forecasts
Forecasts
Sales Representatives Estimate their Sales
Averages the Forcasts of a Group of Executives
Poll Customers Reguarding their Purchasing Plans
Iteratively Poll a Blind Panel of Experts
Forecasts
Quantitative forecasting methods: Preliminaries
Forecasts
Quantitative forecasting methods
Quantitative forecasting methods
Quantitative forecasting methods
Quantitative forecasting methods
Time series components
Time series components
Time series components
When Various Models are Appropriate
When Various Models are Appropriate
When Various Models are Appropriate
When Various Models are Appropriate
When Various Models are Appropriate
When Various Models are Appropriate
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Measures of forecast accuracy
Time Series Smoothing
Simple Moving Average (SMA)
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Single Exponential Smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing Why is it called Single Exponential Smoothing?
Time series smoothing Why is it called Single Exponential Smoothing?
Time series smoothing Why is it called Single Exponential Smoothing?
Time series smoothing Why is it called Single Exponential Smoothing?
Time series smoothing
Time series smoothing
Time series smoothing
Time series smoothing
Double Exponential Smoothing
Time series smoothing Double Exponential Smoothing
Time series smoothing Double Exponential Smoothing: Bootstrapping from one period to the next
Time series smoothing Double Exponential Smoothing: Bootstrapping formulae
Time series smoothing Double Exponential Smoothing: Logic Flow Diagram
Time series smoothing
Time series smoothing
Time series smoothing
Time Series Decomposition
Time series decomposition
Time series decomposition
Time series decomposition
Time series decomposition
Time series decomposition
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Time series decomposition Simple linear regression
Using computers to forecast
Monitoring and controlling forecasts
Tracking Signal
Tracking Signal
Causal Models
Group Assignment: Chapter 4
Group Assignment: Chapter 4
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