There are different types of forecasting models that can be used in

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There are different types of forecasting models that can be

used in business research. Each model is suitable for a

type of historical demand data. Some data may have a

trend, may be without a trend, or may be seasonal.

Justify your answers using examples and reasoning.

Comment on the postings of at least two peers and state

whether you agree or disagree with their views.

Research Process

The research process is a well-structured methodology

that aids the manager to make an educated business

decision. The most important element of this process is the

source of data used. The better the data, the better the

result. Data must come from a sample that is random and

large enough.

Solution

There are six steps to the information research process.

These steps are basic to any type of research. These skills

will be used throughout your life. You will call upon them

anytime you have an information need. They represent an

organized and systematic method of conducting research.

1. Define the Task

What needs to be done?

Define the problem, select topic, narrow down the topic (to

narrow your topic, ask yourself these questions),

comprehend task and requirements, identify the

information needed, and draft a personal time line for the

project.Focus, focus, focus.

2. Develop a Search Strategy

What can I use to find what I need?

Ask yourself questions about what you know and don\'t

know about your topic.

Brainstorm; browse; use general sources for background

information; write questions and keywords down; organize

outline.

3. Locate and Access the Information

Where can I find what I need?

Access library catalog, indexes and available databases,

locate the materials, make bibliographic citations, locate

which sources have relevant information, read general

information to learn about topic.

4. Use the Information

What information can I use?

Relax, Read, Reflect: Take detailed notes on interesting

facts and ideas, categorize notes (in what section of your

outline does the information fit?), identify need for any

additional information and obtain it.

5. Synthesize the Information

How can I put my information together?

Organize notes (by outline topics), quote / paraphrase /

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There are different types of forecasting models that can be used in business research. Each model is suitable for a type of historical demand data. Some data may have a trend, may be without a trend, or may be seasonal. Justify your answers using examples and reasoning. Comment on the postings of at least two peers and state whether you agree or disagree with their views. Research Process The research process is a well-structured methodology that aids the manager to make an educated business decision. The most important element of this process is the source of data used. The better the data, the better the result. Data must come from a sample that is random and large enough. Solution There are six steps to the information research process. These steps are basic to any type of research. These skills will be used throughout your life. You will call upon them anytime you have an informati ...
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