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The story that you are about to read is from actual events that occurred in the field. Its purpose is to provide you with a real-world example from a seasoned professional in the business world.
Forecasting With Numbers
Working in the jewelry industry involves forecasting; that is, forecasting which jewelry pieces will be in demand and then determining how many to order. While working at a jewelry company, one of my tasks was to place orders for various jewelry products for the store. But for me at that time, forecasting meant looking at last year's orders and then simply copying those numbers. I never gave much thought to why I was ordering what I did; I just did it. As it turned out, my orders were off the mark—not just by a little bit, but by a lot. The store got stuck with a surplus of items that eventually went on clearance for less than what we paid for them, all because I didn't use a financial model or take into account external factors that could have affected the jewelry items. Today, I implement many financial models and include net present value (NPV) so that I have a better understanding about what I'm ordering, and so I can be more accurate in forecasting. It is important to take away the following from this scenario: Financial models are crucial when forecasting. Subjectivity and objectivity are equally important.
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Most Popular Content
Monetary policy
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SWOT Analysis and NPV
Write 700 words:Primary Task Response: Respond to the following scenario with your thoughts, ideas, and comments. Be subst ...
SWOT Analysis and NPV
Write 700 words:Primary Task Response: Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. Now is the time to make a decision about relocating the manufacturing operation to the United States is fast-approaching. AutoEdge, like most companies, uses a strengths, weaknesses, opportunities, and threat (SWOT) analysis to facilitate its decision making. You have just completed your first monthly activity report for the board when Lester calls."Hi," you say. "I just finished my monthly report for the board. I'll e-mail it to you when we get done talking.""Sounds good," he says. "I'm calling because we need your expertise again for another facet of our investigation into the manufacturing operation. This time, I want you to conduct a detailed SWOT analysis for AutoEdge, and provide a brief summary of your analysis.""I was expecting this," you say. "Some of the research I've done over the past 4 weeks will be useful as I put this analysis together for you.""Yes, I thought you were in a good position to do this work," he says. "Your analysis may be different from other people who have been at the company longer, but your fresh perspective on the components will be helpful in moving the debate forward.""That's a good point," you say. "I'll keep that in mind as I go through the information."Lessons From Experience: Forecasting With Numbers 1
Introduction
The story that you are about to read is from actual events that occurred in the field. Its purpose is to provide you with a real-world example from a seasoned professional in the business world.
Forecasting With Numbers
Working in the jewelry industry involves forecasting; that is, forecasting which jewelry pieces will be in demand and then determining how many to order. While working at a jewelry company, one of my tasks was to place orders for various jewelry products for the store. But for me at that time, forecasting meant looking at last year's orders and then simply copying those numbers. I never gave much thought to why I was ordering what I did; I just did it. As it turned out, my orders were off the mark—not just by a little bit, but by a lot. The store got stuck with a surplus of items that eventually went on clearance for less than what we paid for them, all because I didn't use a financial model or take into account external factors that could have affected the jewelry items. Today, I implement many financial models and include net present value (NPV) so that I have a better understanding about what I'm ordering, and so I can be more accurate in forecasting. It is important to take away the following from this scenario: Financial models are crucial when forecasting. Subjectivity and objectivity are equally important.
Vietnams General Statistics Office during the 2020 COVID 19 Pandemic Paper
This week, your project consists of finding at least two different current-news articles related to the country you select ...
Vietnams General Statistics Office during the 2020 COVID 19 Pandemic Paper
This week, your project consists of finding at least two different current-news articles related to the country you selected (VIETNAM) . The articles have to be no older than three months and must be related to the economy of the country. Explain how your articles are consistent with your own findings. You need to relate the articles to any of the concepts discussed during the previous weeks: GDP, inflation rates, unemployment, government monetary policies (money supply, exchange rates) or fiscal policies (taxes, government spending), international trade (trade balance, exchange rates), production, economic growth, etc.Your articles articles MUST be from a news source. They cannot be from a blog, professional journal, dictionary, data site, or encyclopedia (that includes Wikipedia).You should try finding news from any public newspaper, magazine, TV station or their websites; such as foxnews.com, yahoo.com, cnn.com, wsj.com, nytimes.com, economist.com, etc. You can also use similar international websites, such as Reuters, BBC, France24, etc. Your best source for news reports may well be from news sites in your country. Just keep in mind that not all countries have a free press.Each week your assignment must be in a report format as a Word document attachment, so remember to use paragraphs and a report structure.Expectations for the research assignments:1) Respond to all week's topics and sub-topics; 2) Cite (APA style) all the information presented, not just direct quotes; 3) Reference (APA) style) the sources at the end;4) Use proper paragraphing; and,5) Present the information in a clear and professional fashion.Your research paper this week should be between 350 and 500 words. Shorter submissions will be penalized. Longer assignments are acceptable only if the extra words add substance to your report. At the bottom of your assignment, you should include a word count (how many words are in your post).Structure your paper as a report. Do use multiple paragraphs. Attach your report as a Word document.You must cite all the information used in your report and include the sources in your reference listing. Use APA format for citations and references - see the APA Powerpoint linked below.Remember: you should not "copy and paste" information. Plagiarism is penalized with a zero in the assignment the first time, and a zero in the course the second time. Use your own words and quote only facts or numbers) Remember to include citations to your sources in the body of your paper and to provide the references at the end of your paper. Where possible, please make the links to any web information clickable links. Remember the references and links must be to the article you used, not just to the web site. Be sure to include the full URL, otherwise your link will not be clickable.Your submission this week must be at least 350-500 words long, in order to receive full credit.The detailed instructions are posted above. Remember you can not change countries once you have selected one. Citations and references are required and they must be in APA style.
3 pages
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Fiduciary
Fiduciary comprise of organizational managers who hold ethical or legal relationship of trust with their firm stakeholders. Normally, fiduciary ...
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