Forecasting Project Format

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Presentation transcript:

Forecasting Project Format MGMT 3620: Introduction to Production and Operations Management

Assumptions You are an independent consultant hired by the firm to conduct a research project and to prepare a formal report. As a business person your efforts will be judged by: Your command of the research question, The validity of your results, The quality of your presentation, and Whether you can state the relevant results succinctly. Your audience has no specialized training in either mathematics or forecasting techniques.

The Written Report Contains 3 parts: The Letter of Transmittal The Body of the Report The Appendix

The Letter of Transmittal Similar to an invoice or packing slip It may be written in letter or memo format (make sure to sign or initial) Should contain one succinct thought (e.g., 3 period forecast of recommended model) Attach to the front of the report – it is not part of the report

The Body of the Report The Body of the Report is approximately 5 to 7 double-spaced pages in length and contains the following: Summary of Results and Conclusions Analysis of Models Evaluation of Models

Summary of Results and Conclusions Approximately 1 page Outlines the purpose of the project Summarizes some of the significant results Makes a model recommendation Gives results of recommended model

Analysis of Models Approximately 2 to 3 pages Gives a general description of each model analyzed Describes the purpose or rationale of method of each model analyzed Gives forecast results for each model

Evaluation of Models Approximately 2 to 3 pages Gives a general description of at least two evaluation methods (e.g., MSE and MAD) Includes specific results for each model analyzed Evaluation supports the original recommendation

The Appendix May be of any length Contains: Model formulations Any detailed mathematical data or calculations Graphs & charts (at least 2) All computer output

Style Folder and Label Table of Contents Page Headings Page Numbers Graphics Spelling and Grammar 100% Computer Generated Relevant and Readable