Chapter 8 is about forecasting. Please provide your answers to the following questions in an organized fashion:
Question 1. Please read the CNN article titled A nightmare scenario for farmers is happening right now
. (a) Should the demand during the pandemic be excluded from future time-series forecasts? Explain. (b) Is it better to raise or lower production for the next agricultural cycle? Explain.
Question 2. Please read the CNN article titled Our grooming habits are changing
. (a) What changes in demand has the beauty industry experienced in recent months? (b) The demand experienced by many businesses such as nail care and hair dye in the beauty industry is an example of irregular variation. What should be done with the irregular variation when companies develop future forecasts?
While one might argue that full answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and you will receive 0 points. The post (one with all the answers, in the same order as above) should reflect your interpretation of the articles. It should be written in clear language with correct spelling, punctuation, and grammar. Both content and form are important. If you create multiple posts, your grade will be based on your first post only.
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