Business forecast
Find an example of a business forecast that turned out to be completely wrong. What happened? What did the forecaster fail to anticipate? Finally, what were the consequences of the failed prediction(s)?
In your own experience as a customer, can you think of a time when a company certainly (or almost certainly) lost money on a specific transaction with you? If so, what happened? Write about the experience and speculate as to whether the company’s assessment of your Customer Lifetime Value could have played a role.
Using the def keyword, write an original function in Python. Describe the purpose of your function in words, and demonstrate the way it generates output based on user input. (you may either upload an HTML file generated in Jupyter Notebook that includes your code, results, and written statements, or a screenshot of your results in Jupyter along with your written statements — either way is fine).
Choose one of topic above wirte 250-300words with references
Sample Solution
Business forecast
It is scary how often ideas or concepts are rejected. History is littered with examples of people who wrote off a piece of technology, or said someone wouldn’t amount to anything, and later had to pull their foot from their mouth. An example of an embarrassingly bad business prediction is that of Steve Ballmer on the iPhone`s failure. He said “Apple`s iPhone is the most expensive phone in the world and it doesn’t appeal to business customers because it doesn’t have a keyboard which makes it not a very good e-mail machine…” Steve Ballmer, Microsoft`s CEO, uttered this famous quote in 2007. Needless to say, he missed the mark entirely. Today, Apple is the top smartphone vendor in the world. Business customers are buying it and using it for e-mail among many, many other things. Apple`s famous touch screen also became one of the biggest selling points of the phone, proving Mr. Ballmer wrong yet again.
