The purpose of this paper is to discuss forecasting methods that are used in commercial business. Competition for consumers is high and in order for businesses to survive, they all have to consider what products are
needed, where and when they are needed as well as in what quantities. It looks at how a successful forecasting strategy requires selecting the appropriate forecasting technique and compares and in particular contrasts forecasting methods as they relate to an organization called United Parcel Service. It looks at how there are three types of forecasting to predict demand:
judgment methods,
time series analysis and
causal methods. Outline Abstract Introduction Judgment Methods Time Series Analysis Causal Methods Conclusion
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