INDIVIDUAL PROJECT The purpose of this simulation project is to provide you with an opportunity to use the POM-QM for Windows software to solve a forecasting problem. POM-QM for Windows software For this part of this project, you will need to use the POM
INDIVIDUAL PROJECT;The purpose of this simulation project is to provide you with an opportunity to use the POM-QM for Windows software to solve a forecasting;problem.;POM-QM for Windows software;For this part of this project, you will need to use the POM-QM for Windows software;1.;Read Appendix IV of the Operations Management (Heizer & Render, 2011) textbook.;2.;Launch the POM-QM for Windows software and from the main menu select Module, and then Forecasting.;3.;Next, select File, New, and Least Squares - Simple and Multiple regression.;Individual Project problem;1.;Use the forecasting module that you opened in the POM-QM for Windows software to solve the case study on page 146 of the;Heizer and Render (2011) textbook (South western University). For this case study, you are required to build a forecasting model. Assume a;linear regression forecasting model and build a model for each of the five games (five models in total) by using the forecasting module of;the POM software.;2.;Answer the three discussion questions for the case study, except the part requiring you to justify the forecasting technique (Heizer;Render, 2011, p.146), as linear regression would be used.
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