Meeting the Challenges in Forecasting
You began Module 4 with an exercise around sales volume forecasting. I then provided you with an analysis of the exercise results and the anchoring and adjustment bias that can impact forecasting of all types, not just sales volume.
Take a couple of minutes and read about some of the forecasting challenges that retailer Target faces and then respond to the following discussion prompt. You are welcome to respond to classmates’ posts but are not required to do so.
What forecasting challenges do you (or your company) face? Do you have any suggestions on how to overcome these challenges? Do you feel better equipped to overcome (or at least adapt to) these challenges after completing the module? Why (or why not) do you feel better equipped?
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