In this article we will discuss about:- 1. Meaning of Forecast 2. Financial Forecasting Techniques 3. Benefits. Meaning of Forecast: A forecast is a prediction of what is going to happen as a result of a given set of circumstances. The dictionary meaning of 'forecast' is 'prediction, provision against future, calculation of probable events, foresight, prevision'. In business sense it [...]
Here is a compilation of term papers on the ‘Forecasting’ for class 11 and 12. Find paragraphs, long and short term papers on the ‘Forecasting’ especially written for school and college students. Term Paper on Forecasting Term Paper Contents: Term Paper on the Definition of Forecasting Term Paper on the Steps in Forecasting Term Paper on the Techniques Used for [...]
Sales forecasting techniques may be categorized as follows:- 1. Historic Estimate 2. Sales Force Estimate 3. Trend Line (or Time Series Analysis) Technique 4. Market Survey 5. Delphi Method 6. Judgmental Techniques 7. Prior Knowledge 8. Forecasting by Past Average 9. Forecasting from Last Period's Sales 10. Forecasting by Moving Average and Few Others. Technique # 1. Historic Estimate: This [...]