Quantitative Techniques - Essay Example

Comments (0) Cite this document
Summary
Business forecasting is the process of using previous data collected from different sources through suitable techniques to analyze and determine strategies and tactics for taking future business decisions. Many managers exist even in today’s corporate world who prefer to…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Quantitative Techniques
Read TextPreview

Extract of sample "Quantitative Techniques"

Download file to see previous pages The social and economic scenario is in the constant process of undergoing change and is influenced by a number of external factors. As such, there are numerous controllable and uncontrollable parameters that today’s decision makers need to take care of in order to prepare a careful course that can navigate through all idenfied obstacles. If adopted, qualititative, well-structured and a well-planned business forecasting effort can yield the desired results. As such, apart from feeling the need to forecast, it is also very important to plan the forecasting process with great precision (John E. Hanke, Arthur G. Reitsch, 1989).
The rise in the growth and use of computing power to perform calculations has gained immense popularity among users. As such, with a good forecasting plan, one can easily perform the required analysis in a short time. Forecasting is used to identify a number of patterns that are deemed important to a company’s interests. It could include attributes such as the performance of stocks over a time period, pattern of sales, prices of essential raw materials, employee satisfaction surveys etc. a company can immensely benefit from business forecasting as these enable it to analyze its performance across various domains and also helps it compare itself amongst other competitors in the market. It enables the company to identify the segments that are not performing according to expectations and paves the way for adopting suitable solutions to overcome them. As the economy is dynamic in nature, there is an ncreasing need to prepare the future map in advance, which emphasizes the need for business forecasting.
In the recent years, business forecasting has adopted an extensive scientific flavor that includes the fusion of various business theories and techniques to forecast specific types of data. It can involve procedures as simple as spreadsheets to massive database networks that are performing trillions of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Quantitative Techniques Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved de https://studentshare.org/miscellaneous/1551005-quantitative-techniques
(Quantitative Techniques Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/miscellaneous/1551005-quantitative-techniques.
“Quantitative Techniques Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1551005-quantitative-techniques.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Quantitative Techniques

Quantitative and Analytical Techniques for Managers

...? Quantitative and Analytical Techniques for Managers Quantitative and Analytical Techniques for Managers The measures of central tendency is the average of the general distribution of values in a data set, in the case the Regional Gross Product per Capita and Gross Fixed Capital Formation per Capita in Chinese Provinces 2007. The mean of the Gross Fixed Capital Formation per Capita in 2007 (Yuan) is10853.088, Median is 8947.050 and there is no mode for this data set. On the other hand, the measure of central tendency of the Gross Regional Product per Capita 2007 (Yuan) includes the mean, 21973.419, median, 16206.000 but no mode, rage is 60161, and standard deviation is...
10 Pages(2500 words)Essay

Quantitative Techniques ( use Eviews and Excel )

...constrained medium constrained and high constrained firms (LCINV, MCINV and HCINV respectively). We find that although there are not much differences in the means of the low constrained and medium constrained groups investment means, the investment mean of the high constrained firm appears to be almost 4 times larger than these. This is further confirmed by the computed F-statistic in the upper half of the table which rejects the null of equal means across the three groups. 4. a) The advantages of running a panel technique over that of a pooled model are threefold: Panel techniques can account for heterogeneity across individual units but such heterogeneity is assumed away in pooled regressions. Panel...
6 Pages(1500 words)Essay

Operations Management & Quantitative Techniques

...? OPERATIONS MANAGEMENT & QUANTITATIVE TECHNIQUES CASE STUDY 1. Master production schedule for the bread maker for Realco WEEK 1 2 3 4 5 6 7 8 PRODUCTION BROUGHT FORWARD 7000 23500 43500 62000 86950 113350 141850 176450 PLANNED WEEKLY PRODUCTION 40000 40000 40000 40000 40000 40000 40000 40000 WEEKLY ORDERS PROMISED (23500) (23000) (21500) (15050) (13600) (11500) (5400) (1800) REMAINING INVENTORY 23500 43500 62000 86950 113350 141850 176450 214650 The projected end inventory, which is also the available to promise order numbers increase as the weeks go since they are cumulative in nature. At the end of week 1 we have an ending inventory of 23500 units followed by 43500 units, 62000 units, 86950 units,...
7 Pages(1750 words)Research Paper

Quantitative Techniques in Business as Expressed from the Analysis of Samsung and Apple Companies

...? Quantitative Techniques in Business as Expressed from the Analysis of Samsung and Apple Companies Quantitative Techniques in Business as Expressed from the Analysis of Samsung and Apple Companies Table of Contents I. Introduction…………………………………………………………………………3 II. Two Companies in the Smartphone Business: Apple and Samsung…………………4 III. Objectives of the assignment…………………………………………………………4 a. Samsung Company………………………………………………………….……5 b. Apple Company…………………………………………………………...………5 IV. Responses to the Requirements set……………………………………………………6 a. Comparative analysis of Apple and Samsung Companies……………………..…6 b. Statistics, Facts and Figures that Represent a Comparative Analysis...
15 Pages(3750 words)Essay

Quantitative and Analytical Techniques for Managers Coursework

...work in Quantitative and Analytical Techniques for Managers Section 0 Exercise on Descriptive Statistics 1. Summary of data on the Gross Regional Product in yuan using measures of central tendency and dispersion (e.g., mean, median, variance and standard deviation) and discussion on the strengths and weaknesses of these measures from the perspective of a manager seeking to understand the regional distribution of gross regional product in China. The measures of central tendency and dispersion for the 2007 gross regional product measured in terms of 100 million yuan are as follows: Mean 8920.319355 Median 6091.1 Mode #N/A Standard Deviation 7596.482057 Sample...
10 Pages(2500 words)Essay

Quantitative Research Techniques and Designs

...Research Application Paper This paper illustrates the application of research knowledge using different quantitative and qualitative research concepts. The paper uses articles reviewed earlier in the course to exposit the quantitative and qualitative methods, design, and analysis used in their research studies. Research questions, hypothesis, variables, and different research designs are discussed. The paper also explores how different researchers select and utilize different techniques and tools of data analysis. The paper closes with valuable insights on how different researchers synthesize research findings and draw implications for practice, makes recommendations, and conclusions. In...
11 Pages(2750 words)Assignment

A scholarly paper designed to demonstrate basic knowledge of the following topic areas: quantitative and qualitative designs and techniques

...Research Application Paper #3 s affiliation Research Application Paper #3 Quantitative Research Techniques and Designs Quantitativeresearch gives much emphasis to objective measurement and numerical analysis of collected data which may have been done through questionnaires or surveys. It is worth noting that quantitative research gives much focus to gathering of numerical data and its generalization across groups of people. The first study aims at establishing the influence of leadership style on teacher job satisfaction. For purposes of this study, we will use the article to describe the quantitative methods used; the quantitative design used, and...
15 Pages(3750 words)Research Paper

Quantitative

...Quantitative al affiliation Article The purpose of the article is to explore how decision makers of DALR SMOs come to spatial decisions regarding the Amazon land. This is done by measuring variables that have been stated are vital in determining which landholdings are subjected to the contentious processes in the process of contentious land change. A series of regression models such as logistic regression model, specifically the strategic model used to find out the importance of the SMOs desires for successful expropriation and media attention, agronomic level to determine the usefulness of social movement members and their desires for landholding that is agriculturally viable. Hypothesis “The first hypothesis stated that...
4 Pages(1000 words)Essay

Quantitative Techniques for Business Project

...A Quantitative Study of Behavior of Stock Returns Affiliated A Quantitative Study of Behavior of Stock Returns An investment in a stock offers two type of returns: dividend and capital gain. A capital gain is a profit one can get from the sales of the investment (assets). The capital gain is also labeled as returns. The return of an investment on a stock over a historical period is a vector that has direction and quantity. This assignment has selected four stocks from the S&P 500 index. The stocks are of companies Microsoft Corporation (MSFT), Apple, Inc. (AAPL), Intel Corporation (INTC), and Hewlett-Packard (HPQ). The objective of this assignment is to study the behavior of return (capital gain)...
7 Pages(1750 words)Essay

Quantitative Techniques for Business

...Quantitative Techniques for Business 203 Project School of Economics and Finance Curtin Quantitative Techniquesfor Business 203 Project 1. Plot the exchange and bill rates separately against time on EXCEL. What do you observe on the movement of these assets during the Global Financial Crisis (late 2008)? Movement of these assets is at a constant rate if not repetitive. 2. Bin Frequency -4 11 -3 22 -2 75 -1 386 0 3254 1 939 2 374 3 105 4 33 More 20 Bin Frequency -4 3 -3 8 -2 37 -1 334 0 2452 1 2015 2 316 3 45 4 8 More 1 ...
3 Pages(750 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Quantitative Techniques for FREE!

Contact Us