Operations Management 3

Your required reading from Sehgal and Pandey discusses the complexity of forecasting oil prices. Perform research in the academic journals on the use of forecasting techniques that were discussed in this module, and in the reading. Include time series, trend analysis, and associative forecasting techniques. How are they used? Which would be the best for what industry and why?

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more.

 
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