You are to create a plan to forecast production output, not future sales.

You are to create a plan to forecast production output, not future sales. The key is to provide details on how you want the staff to determine the needed future production output for Kibby and Strand in months. You need to explicitly describe the data and quantitative methods you want the staff to use to derive and apply for this forecast plan. Be sure you include any trends or seasonality of the data in the plan. The plan should include the forecasting objectives. Identify at least two advantages and two disadvantages of the chosen forecasting method. Also, identify problems we may encounter by collecting the necessary data for the forecast. This plan will be utilized by the receiving department to ensure we can accommodate the raw material, the production department to ensure we have the resources needed, and to provide shipping with an idea of its workload in future months. Your target audience for the forecasting plan is the manager of each department. Other departments such as HR and Marketing will also use the plan to inform their decision process.——————————— The document should be prepared consistent with the APA writing style and reflect higher-level cognitive processing (analysis, synthesis, and or evaluation). consider yourself to be the Production Manager of Kibby and Strand, the company in the scenario. Create a forecasting plan to forecast production output for Kibby and Strand. The plan should include forecasting objectives, the data to be used in forecasting, and the quantitative methods the staff is to use in creating the production output forecast. The data you use should be historical production output data, and account for seasonality since the textiles Kibby and Strand produces will change with the seasons. After you determine the data you plan to use, then pick a quantitative method from Chapter 3 of the textbook to turn the data into a forecast value for production output. Recommend you forecast output by the month or quarter You’re not going to calculate an actual forecast value because you do not have historical data. The purpose of the forecasting plan is to provide direction to the staff so they can create the forecast Additional Instructions: Structure of Forecasting Plan Objective of Plan Your plan should state the objective is to forecast future production output, and provide details on the data to be used and quantitative method that will turn the data into a forecast. You are creating a forecasting plan to forecast production output, not future sales. There is a difference. Output is what we actually produce and sales is what we hope to produce. Sometimes outages, weather, etc. prevent us from producing what we have contacted to produce. Historical Data to Use in the Forecast Since K

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