Document Type


Publication Date

Spring 2002


Course syllabus for MIS 515 Forecasting Techniques for Managers

Course description: A pervasive characteristic of management decision-making is that it takes place under imperfect knowledge of the future. Consequently, most management decisions are based on a forecast, whether or not formal forecasting techniques are used. This course discusses the more formal nature of forecasting and its relationship to decisions managers must make. The course considers classes of forecasting problems with which a manager must cope, techniques that are available to assist in this effort, and case situations in which forecasting problems are encountered. Considerable emphasis is placed on recognizing and avoiding inappropriate forecasting methods that in particular situations can lead to disastrous management scenarios.