Assessment 3 Information

Your Task

Develop a real-world forecasting project plan/proposal based on the learnings from the subject.

Assessment Description

This assessment seeks to simulate a real-world task that you may have to undertake in the future. Therefore, the assignment is non-prescriptive and requires you to pose a relevant, small, creative and significant forecasting problem to solve that could result in benefits to the organisation g choice.

In this assessment, you need to consider an organisation in an industry of your choice and articulate the steps this organisation needs to take to enable forecasting for data-driven decision making. You are required to source an example time series to demonstrate expected forecasting outcomes.

It will be much easier to pose a realistic scenario if you are familiar with the organisation and industry.

The report should address:

• The organisation you have chosen and your familiarity with its

• Why forecasting would help this organisation given their current o
• Thetime series you have sourced
  • The forecasting technique you would recommend, with your reasons for doing But you are NOT EXPECTED TO fit other forecasting models and compare error statistics; or to compare training and test error statistics.
• The results of applying your chosen technique to your time series, including visual display and the actual forecast.
• The benefits of this forecasting project for the organisation (The benefit could be financial, such as Return on Investment (ROI) or societal benefits).

Assessment Instructions

• By Week 10 identify a company and industry you are familiar with that would benefit from a forecasting application. Note:

• The application needs to be based on forecasting (not some other aspect of analytics).
• Focus on a single, well defined (small)
• Sample datasets maybe sourced from:

an organisation if you work there,

public repositories

Open government data

Open data such as share prices and commodity prices.

• By Week 12 draft some preliminary points pertaining to the report in class. You are encouraged to consider the current mode of operation, possible inefficiencies, available data and how this data may be used to provide efficiencies based on the conceptsand techniques covered in the subject. Think of yourself as a consultant or a

• Your facilitator will advise on the appropriateness of your choice and proposed methodology regarding the requirements for the assessment.

• Include a list of references that are directly related to the content. Each reference needs to be linked to at least one specific point in the content of your assessment. It is expectedthat you will have at least 4 relevant references, web sites are ok, including a reference to the source of the data.

Important Study Information

Academic Integrity Policy

KBS values academic integrity . All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.

What is academic integrity and misconduct? What are the penalties for academic misconduct? What are the late penalties?

How can I appeal my grade?

Click here for answers to these questions:

http://www.kbs.edu.au/current-students/student-policies/.

Word Limits for Written Assessments

Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded.

Study Assistance

Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information.

Late assignment submission penalties

Penalties will be imposed on late assignment submissions in accordance with Kaplan Business Schools Assessment Policy.

*Assignments submitted at any stage within the first 24 hours after deadline will be considered to be one day late and therefore subject to the associated penalty.

If you are unable to complete this assessment by the due date/time, please refer to the Special Consideration Application Form, which is available at the end of the KBS Assessment Policy:

https://www.kbs.edu.au/wpcontent/uploads/2016/07/KBS_FORM_Assessment- Policy_MAR2018_FA.pdf

Generative AI Traffic Lights

Please see the level of Generative AI that this assessment has been designed to accept:

Assessment Marking Guide