After reading this article you will learn about the proforma of balance sheet. The various items in the balance sheet are also to be projected by either of above two methods but both the methods are to be used in combination. For example: (a) Percent of sales method may be applied for all the assets except investments and miscellaneous expenses [...]
This article throws light upon the top six methods of business forecasting. The methods are: 1. Bottom-up Method 2. Top-down Method 3. Historical Method 4. Deductive Method 5. Joint Opinion Method 6. Scientific Business Forecasting. Business Forecasting: Method # 1. Bottom-up Method: Under this method various departments of an enterprise collect their own information/data and prepare their own forecasts. On [...]
After reading this article you will learn about Business Forecasting:- 1. Meaning and Definition 2. Steps of Forecasting 3. Sources of Data Used 4. Limitations. Meaning and Definition: Business forecasting is an act of predicting the future economic conditions on the basis of past and present information. It refers to the technique of taking a prospective view of things likely [...]