Archive | Forecasting

Forecasting Techniques

Some of the most commonly used forecasting techniques are as follows:- 1. Multiple Regression Analysis 2. Non-Linear Regression 3. Trend Analysis 4. Decomposition Analysis 5. Moving Average Analysis 6. Weighted Moving Averages 7. Adaptive Filtering 8. Exponential Smoothing 9. Modeling and Simulation 10. Probabilistic Models 11. Forecasting Error 12. Historical Analogy 13. Field Survey 14. Opinion Poll 15. Business Barometers [...]

By |2020-10-03T18:08:07+05:30October 3, 2020|Forecasting|Comments Off on Forecasting Techniques

Forecasting: Elements, Techniques and Advantages

After reading this article you will learn about:- 1. Meaning of Forecasting 2. Features of Forecasting 3. Elements 4. Techniques 5. Advantages 6. Limitations. Meaning of Forecasting: Since planning is "a systematic economic and rational way of making decisions today that will affect tomorrow", then forecasting becomes an integral part of the planning process, specially, strategic planning which is long-range [...]

By |2016-06-22T16:18:04+05:30June 22, 2016|Forecasting|Comments Off on Forecasting: Elements, Techniques and Advantages
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