This is a class question that needs to be answer with at least 150 words. I would like it explain in your own words, but if not please cite-in-text with reference. No PlagiarismDescribe the characteristics of transformational change.

Topic: OPEC oil prices (any oil type) INSTRUCTIONS: Please SHOW ALL YOUR WORK ON SEPARATE PAGES FOR EACH PROBLEM. Please submit your works IN A ZIPPED FILE. Include word report. Include Minitab. You may use Minitab software (please Attach the steps that how you done in the Minitab, in video or picture) QUESTIONS: 1. Write an introduction to describe your organization. 2. Suppose that you work in an organization in the project you selected and since you have taken a course of IEEM 681 (Business Forecasting) you are asked, by top management, to construct several forecasting models for the purpose of achieving the strategic and operational goals of your organization. You may use ARIMA or Trend forecasting methods. 3. Write the forecasting process, such as problem definition, information search, etc. 4. In each forecasting model you have to plot, compute, fit, and forecast several periods of time. 5. In your solution, consider all the following items when doing a forecast with comments on your findings: • Time Series (TS) plot • Autocorrelation and Partial-Autocorrelation plots • Identify the TS pattern • Show the reasons of choosing specific forecasting model(s) • Show the assumptions of using a selected forecasting model(s) • Present all accuracy measurement by the software, for the purpose of assessing your forecasting model’s accuracy. Autocorrelation is suggested to check the assumption of your forecasting model. – for more information, please check the Minitab help session for this part. • Plot original TS, fitted values, and forecast all in one graph • You should make a summary table to compare between model accuracy. Based on this summary, you should recommend the best forecasting model for your assigned TS. 6. CONCLUSIONS AND DISCUSSION This section should briefly contain your conclusions based on your works and understanding you gained from doing this project.