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 […]
Top 6 Methods of Business Forecasting
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Business Forecasting: Meaning, Steps and Sources
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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 […]
Top 6 Theories of Business Forecasting
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This article throws light upon the top six theories of business forecasting. The theories are: 1. Theory of Economic Rhythm 2. Action and Reaction Approach 3. Sequence Method or Time Lag Method 4. Specific Historical Analogy 5. Cross-Cut Analysis 6. Model Building Approach. Theories of Business Forecasting: Theory of Economic Rhythm Action and Reaction Approach […]