What Are Some Of The Consequences Of Poor Forecasts

Friday January 7, 2022

Identify and discuss four inherent operational risk factors in terms of the business exposures and potential consequences that Mr Baloyi will face according to the business strategy. Explain possible mitigating measures that can be taken to minimize/eliminate the risk (The maximum length of your answer should be one page)Identify a project that you are planning to pursue either at home or at work. List all of the components, decision points, and chance events. What is the measure of success for the project? Assuming that there is more than one measure, how can you reconcile them?What are some of the consequences of poor forecasts? Explain. 4. Forecasts are generally wrong. a. Why are forecasts generally wrong? b. Explain the term “wrong” as it pertains to a good forecast. 9. How does the number of periods in a moving average affect the responsiveness of the forecast? 10. What factors enter into the choice of a value for the smoothing constant in exponential smoothing?

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