What Type of Forecast Method Do You Think Would Be

question 6

Essay

What type of forecast method do you think would be most appropriate for a short-range (6 to 12 hours), a medium-range (24 to 48 hours), a long-range (5 to 10 days), or a seasonal (3-month)forecast?

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Definitions:

Dependence

A situation in which one entity relies on another for support, resources, or needs fulfillment.

Capacity

The maximum amount that something can contain or produce, or the ability of something or someone to perform a function.

Referent Power

A form of influence based on the attraction one has for others, or the desire of others to identify and be associated with a person.

Empowerment

Giving people the authority, opportunity, and motivation to take initiative and solve organizational problems.