Requirements for the Forecast Interview

The below is the requirements for the Forecast Interview. 

  1. Tutor provide me a list of 10-11 questions (per below)due as
    soon a possible.
  2. I’ll conduct the interview
  3. Tutor will write the 3-4 page report (APA format) (per below)
     
  4. Forecasting Interview questions (format) . (Getting the
    questions organized, giving me a list questions/ideas on what
    information I should gather). Once I complete the interview, I
    will provide information for you to put together in a report and
    presentation.
     
    Compose questions, identify types of forecasting techniques,
    specific variables to drive product demand and importance.
  5. Prepare an organized series of questions that will elicit the
    needed information quickly. Remember that interviewees are busy
    people.
  6. Plan on gathering information on the kinds of forecasting
    techniques currently used, their perceived strengths and
    pitfalls, how your organization uses the results, and any
    planned changes in forecasting methods in the future. On a
    content level, try to find out what specific variables drive
    product demand and their relative importance.
     

Interview Essay:

The purpose of the forecasting interview assignment is for you to gain insight into the kinds of forecasting techniques that are currently in place in the real world. A secondary benefit many students experience is an enhanced understanding of the nature of their places of employment.
The interview can also increase your exposure to key individuals in the management team of your organization.
You will be evaluated on the efficiency of the interview and your ability to elicit the information needed. The level of sophistication of the forecasting techniques involved is not a grading criterion.
Have a 3-4 page report and brief presentation ready (no PowerPoint) to hand in for this assignment. All APA formatting will apply.


You may want to use the following approach:

  1. Identify the person at your workplace who is responsible for forecasting demand, and
    schedule an interview. If no formal demand forecasting is occurring, informal guessing usually
    is, and an interview with the individuals making these guesses can be tremendously insightful.
  2. Prepare an organized series of questions that will elicit the needed information quickly.
    Remember that interviewees are busy people.
  3. Plan on gathering information on the kinds of forecasting techniques currently used, their
    perceived strengths and pitfalls, how your organization uses the results, and any planned
    changes in forecasting methods in the future. On a content level, try to find out what specific
    variables drive product demand and their relative importance.
  4. Prepare a form for your interview subject to sign that documents his or her permission for
    you to use the data gathered during class.

QUESTIONS

  1. Is forecasting important in every industry?
    Yes
    No
  2. If no, then in which industry it is not important?
  3. What kind of forecasting technique do you use?
  4. Is it dependent on Historic simulations?
    Yes
    No
  5. Do you use industry wide macro indicators to forecast?
    Yes
    No
  6. Please rate the importance if these factors for forecasting?(1- Lowest, 5-Highest)
    Historic Simulations
    Demand Expectations
    Macro Indicators
    Feedback from down the channel
    Market Situation
  7. Is one single factor the key to forecasting?
    Yes
    No
  8. Is the scenario changing in forecasting due to advancement of Technology?
    Yes
    No
  9. Are you guys using technology for forecasting?
    Yes
    No
  10. Any advise for this industry?

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