CHECK THESE SAMPLES OF Technology Forecasting
...? Financial Forecasting Introduction This report is about forecasts of the financial performance of a soft drink company, which will start its operations from January 2013. The forecast relates to the company’s income statement, break even, balance sheet and a monthly cash flow statement for the year ending December 2013. The report also explains further information that needs to be reviewed to make the findings more meaningful. This performance analysis can be used by the management, the shareholders or the potential investors to identify with the performance of the company and in particular assess its strengths and weaknesses. Assumptions The following information is available for...
3 Pages(750 words)Essay
...? Economic Forecasting Economic Forecasting Economic Forecastingis a process by which businesses predict the future economicsituation. It involves the use of statistical models that utilizes variables called indicators. Some of the economic indicators used include retail sales and unemployment rates, GDP decline / growth, inflation, and interest rates(Elliott, Granger, and Timmermann, 2006).Economic forecasting is an important decision-making tool for governments and businesses as they project on the financial strategy and policy. Annualbudgeting and forecasting cannot keep pace with today’s vibrant business situation because the information produced is irrelevant...
4 Pages(1000 words)Research Paper
...Future & Forecasting Competitive economies require a stable and sound macroeconomic foundation that is conducive to productive and innovative economic activity. For example, excessive government spending historically has led to government budget deficits, which often result in inflation, crowding out private investment and thus limiting capital formation and increases in productive capacity. Moreover, inflation can contribute to currency overvaluation, which also impairs the country's competitiveness. The web model seeks to gauge these competitive factors by including variables that indicate government budget discipline, monetary management, foreign exchange competitiveness, and the confidence of the private sector in a country's... , into...
5 Pages(1250 words)Essay
...provides important learning inputs for entry and consolidation strategies for such markets.
The Delphi technique has a number of drawbacks (Evans, 2002, p 366). The kind of experts selected for the study affect the outcome, and there is inevitable subjectivity in their forecasts. Most of them are highly biased and may take extreme positions to suit their private agendas. The questionnaires we deploy during the interviews are a bit vague, and the responses are therefore not universally comparable. There is no valid measure of error as with regression models. Nevertheless, this method is the best when we need ideas about the distant future and how customer choices and competitive technologies are likely...
4 Pages(1000 words)Essay
.... There are other factors which can have impact on this industry. These are various social, economic, technological and political factors which have been assumed to be constant over the period of time.
Methods which can be used here are as follows:
As mentioned in the book referred and the class notes that the forecasting techniques to be used in the data with a trend can be as follows:
Moving Averages
Exponential Smoothing
Simple Regression
Growth Curves
Exponential Models
ARIMA
Moving Average
The moving average is taken for a small time horizon for the data with seasonality, trend or stationary data. The minimum data required for it is 1.
It is based on the concept of averages. The averages taken...
10 Pages(2500 words)Essay
...Ex 9 Forecast using simple moving average: Using simple moving averages, the personnel expenses forecast for fiscal year 20X5 is $6,083,333. Forecast using weighted moving average:
Year
Personnel expenses
1
5,500,000
2
6,000,000
3
6,750,000
4
6,291,667
Using weighted moving averages, the personnel expenses forecast for fiscal year 20X5 is
$6,291,667.
Ex 9.3:
Forecast using simple moving average:
Year
Total revenue ($)
1
1,425,000
2
1,400,000
3
1,350,000
4
1,391,667
Using simple moving averages, the total revenue forecast for fiscal year 20X5 is
$1,391,667.
Forecast using weighted moving average:
Year
Total revenue
1
1,425,000
2
1,400,000
3
1,350,000
4
1,379,166
Using weighted moving averages, the total revenue forecast... for...
4 Pages(1000 words)Statistics Project
...Forecasting Forecasting can be widely regarded as a technique or method of projecting various future elements of a business or other operations. Various techniques can be applied to achieve the objectives of forecasting. While the word forecasting might appear to be somewhat technical, planning for the company’s future is a crucial element of management in any organization; non-profit, business, or other. The long-term accomplishment of any organization is directly tied to how efficient the management is capable of foreseeing its future and developing proper strategies to deal with possible future situations.
Good judgment, intuition, and an awareness of how the economy...
1 Pages(250 words)Essay
... Forecasting in Marketing Forecasting is an integral part of the entire marketing process, businesses use market research to obtain data about the demand potential for a certain good or service, once the potential demand is identified, marketers generate sales forecasts and targets that are to be achieved by the sales team of an organization. There are several methods through which forecasting are conducted, one such method is executive opinion (Kurtz 264). In this method, the manager of the marketing department of an organization uses his/her own opinion and perception regarding the future demand for a product or service and this opinion is mostly based on the manager’s own experience in the field. This opinion is even backed... by...
1 Pages(250 words)Essay
...be inspected using this simulation model. The application of the relevant package for the simulation of a two-level inventory control system will prove to be instrumental in Business forecasting for Warnsley Ltd. Adoption of this model will result to a consistent product stock (Adams, 1986; Pg.7).
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ADAMS, F. G. (1986). The business forecasting revolution: nation, industry, firm. New York u.a, Oxford Univ. Pr.
ANARI, A., & KOLARI, J. W. (2012). Excel-based business analysis forecasting key business trends. New York, Springer....
5 Pages(1250 words)Assignment
...will also assist in setting sales quotas and targets.
Recommendations/justification
EBBD should qualitative and quantitative methods for the realization of its long term and short term objectives. Under the qualitative methods the company can use surveys to forecast on its incoming demand.
The company can also employ consensus methods whereby they can use a specific customer group to make general forecasts.
Under the quantitative method, test marketing can be used as a simulation before launching a new product line.
The company can also forecast for the long term for its uncertain economic conditions. BVAR and SS-BVAR are the best inflation forecast methods since...
5 Pages(1250 words)Essay
