3-1 Technology Forecasting Learning Objectives List the elements of a good forecast. Outline the steps in the forecasting process. Describe at least three.
Moving Michigan Forward: Continuing Our Comeback February 7, 2013 Governor Rick Snyder, CPA Lt Governor Brian Calley Director John Nixon, CPA.
AREP GAW Section 3 Introduction and Overview of Course.
3-1Forecasting CHAPTER 3 Forecasting. 3-2Forecasting FORECAST: A statement about the future value of a variable of interest such as demand. Forecasts.
Forecasting To Accompany Russell and Taylor, Operations Management, 4th Edition, 2003 Prentice-Hall, Inc. All rights reserved.
1 Lecture 3 Forecasting CT – Chapter 3. 2 A statement about the future value of a variable of interest such as demand. Forecasts affect decisions.
John Roberts State Budget Director State Association of Accountants, Auditors and Business Administrators April 21, 2015 Michigan Growing Stronger.
Chapter 3 The Importance of Forecasting in POM. Assumes causal system past ==> future Forecasts rarely perfect because of randomness Forecasts more accurate.
