This is a Business Forecasting Question. I know the 3 stages for the evolution of forecasting are 1. Times Series Model 2. Demand Planning Model 3. Predictive Analytics Models I have questions in my homeworks about these stages, but they don't call them what I was given. I have the answer choices: Judgemental, Big Data, Quantitative, and Time Series. Obviously Time Series is one, but what are the other 2 Called. I am not putting the specifics of the questions because that's not what I'm asking. I'm just hoping that someone can clarify these 3 stages for me. I realize that I listed 4 things which means that one is not a stage. I think Big Data isn't a stage, but please correct me if I'm wrong.

This is a Business Forecasting Question. I know the 3 stages for the evolution of forecasting are 1. Times Series Model 2. Demand Planning Model 3. Predictive Analytics Models I have questions in my homeworks about these stages, but they don't call them what I was given. I have the answer choices: Judgemental, Big Data, Quantitative, and Time Series. Obviously Time Series is one, but what are the other 2 Called. I am not putting the specifics of the questions because that's not what I'm asking. I'm just hoping that someone can clarify these 3 stages for me. I realize that I listed 4 things which means that one is not a stage. I think Big Data isn't a stage, but please correct me if I'm wrong.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 5E: A firm experienced the demand shown in the following table. *Unkown future value to be forecast Fill...

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hello so i just learnt about forecasting and i dont understand it all. i am not sure how to answer this questions on Excel that my teacher provided me with: so question is about Forecasting in Picture 1 and 2 it shows what its meant to look like nothing to do with what i am gonna ask its just example but i still dont understand. sorry for making this long i am not 100% sure if the pictures that i sent are example of what i am supposed to do for this question if you think its not just dont use it. Here is the actual question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288…
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