Seven important keys for this are as follow.
1.Understand what forecasting is and is not
As a result of this a better environment will established for business activities. Accuracy and remove the game plan is also can be achieved.
2. Forecast demand and plan supply
In this way you can improve capital planning and customer service.
3. Communicate, corporate and collaborate
It is very helpful to get all important information for to forecast and it is trustable for user. More accurate and relevant forecast can be got.
4. Eliminate island of analysis
With this key more reliable and accurate forecast can be achieved.
5. Use tools wisely
With the help of this efficiency and effectiveness will be get.
6. Make it important
With the help of this forecasting key developers can take serious the issue that are under discussion. Accuracy and credibility can also be achieved.
Forecast performance can be including in the individual performance plans. Errors can be removed and improvement can be also achieved. Confidence of the forecasting can also be increased.
EDU630 Assignment 4 Solution and Discussion
Research Methodology/ Instrumentation
Total Marks: 15
You are required to send assignments on your approved/ revised topics for research. This assignment must include previous assignments as well. Your assignment must clearly state your research topic, statement of problem, objectives of the research and hypotheses/ research questions.
It is compulsory that you all must write your approved thesis title on your assignment files, only then the supervisor can finalize and guide about your methodology.
This assignment particularly requires writing the research methodology of your thesis.
Methodology explains how you design your research. What specific methods will you acquire for data collection and how it will be done. Some major headings that must be a part of your thesis are:
• Research Method
• Sampling Technique
• Sample size
• Instrumentation—instruments/ tools used for the data collection
• Validity and reliability of the tools/ questionnaires
• Time frame
You are required to complete this assignment by giving details of all of these sub-headings.
NOTE: Please attach your proposed questionnaires/instruments for approval. Without approval of instruments you cannot collect data.