Instruction
Product Forecasting - Suppose that you work for a company that produces breakfast cereals, such as corn flakes. Your employer is planning to introduce a completely new product for the company -- a hot breakfast product made from ingredients that require some minimal consumer preparation. How would you propose forecasting the initial demand for this product?
Fuel Price Forecasting - Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Qualitative models? If, casual modeling, what types of independent variables might be used? Justify your answer.