Week 08 Discussion - Judgmental Forecasting and Managerial Issues: Give a scenario (preferably related to your area of expertise or work experience)in which a judgmental forecasting method would be...

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Week 08 Discussion - Judgmental Forecasting and Managerial Issues:


Give a scenario (preferably related to your area of expertise or work experience)in which a judgmental forecasting method would be used. Which particularjudgmental forecasting method (or methods) would be most appropriate? Whichcommon biases ofjudgmental forecasting do you believe aremost likely to occurin this scenario? Explain.


I work in the field of Information Technology so if you can think of a scenario for judgment forecasting and the common biases for this field it would be great! Provide me a 1.5 page detailed discussion solution.


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Week 08 Discussion - Judgmental Forecasting and Managerial Issues: Give a scenario (preferably related to your area of expertise or work experience) in which a judgmental forecasting method would be used.  Which particular judgmental forecasting method (or methods) would be most appropriate?  Which common biases of judgmental forecasting do you believe are most likely to occur in this scenario?  Explain. I work in the field of Information Technology so if you can think of a scenario for judgment forecasting and the common biases for this field it would be great! Provide me a 1.5 page detailed discussion solution.






Week 08 Discussion - Judgmental Forecasting and Managerial Issues: Give a scenario (preferably related to your area of expertise or work experience) in which a judgmental forecasting method would be used.  Which particular judgmental forecasting method (or methods) would be most appropriate?  Which common biases of judgmental forecasting do you believe are most likely to occur in this scenario?  Explain. I work in the field of Information Technology so if you can think of a scenario for judgment forecasting and the common biases for this field it would be great! Provide me a 1.5 page detailed discussion solution.
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Answered Same DayDec 21, 2021

Answer To: Week 08 Discussion - Judgmental Forecasting and Managerial Issues: Give a scenario (preferably...

David answered on Dec 21 2021
111 Votes
Judgemental Forecasting:
Now days, the Information Technology has its wide applications in all
sorts of life. Initially Information Technology was used in corporate sector
at more extent, but currently Governmental Agencies and governmental
offices are also making use of Information Technology to reduce time and
cost. Let us consider the scenario of application of Information Technology
for generation of Nationality Certificates OR Driving License. The historical
practise was making the paper records, which was wasting too much time
for searching the particular document required for specific application.
Now suppose we wish to check whether Information Technology can be
well applicable in this task, and to decide exactly in which fashion it can
be done, some preliminary analysis needs to be done. So now our aim is
to forecast whether...
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