BUS307 Week 3 Discussion 1

Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Causal models? Qualitative models? In casual modeling, what types of independent variables might be used? Justify your answer.

http://Get Plagiarism-Free and Quality Papers Without Overpaying at Homeworkmavens.com

http://Solution preview:

To determine the correct forecasting technique the organization should take into consideration the data available. When data is available a quantitative model would be best utilized, if there is none a qualitative method would be the better option. So best suited would be the quantitative model as it uses historical data to calculate forecasts. From what I have learned businesses used historical data quite often, so I think this would be best suited for any organization as it would bean effective means of calculating fuel prices. Of the two quantitative methods of forecasting the time series model as opposed to casual.


Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3

Subjects We Cover