Top 6 Methods of Business Forecasting

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 [...]