Forecasting Business Plan by Master Researcher
Forecasting
A review of the different types of methodology used by forecasters to predict the needs of the future.
# 86339
| 1,125 words
| 4 sources
| 2005
| 
Published
on Dec 01, 2005
in
Business
(Information Mgmt. and Systems)
, Business
(Statistics)
, Business
(Business Plans)
, Business
(General)
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Description:
This paper discusses different methods of forecasting used by business and other organizations, including the police, achieved by using different methods and computer technologies to predict in effect future trends in weather, business, crime, population growth, development, and other types of change in order to prepare for change and to now how to deploy resources.
From the Paper:
"People have sought ways to predict the future for centuries, and the modern business organization tires to do some of this under the heading of forecasting, related to deciding what trends will be seen in the future so as to prepare for them and to remain competitive. Other groups seek to do much the same thing, using different methods and computer technologies to predict in effect future trends in weather, business, crime, population growth, development, and other types of change. This includes efforts by police organizations to forecast demand as well as possible under conditions of uncertainty. Forecasting and planning for business are closely associated. There are two basic approaches to planning, and three basic models for planning in stages. The two types of approach are 1) aggregate growth models, and 2) multi-sector input-output models."Cite this Business Plan:
APA Format
Forecasting (2005, December 01)
Retrieved June 07, 2023, from https://www.academon.com/business-plan/forecasting-86339/
MLA Format
"Forecasting" 01 December 2005.
Web. 07 June. 2023. <https://www.academon.com/business-plan/forecasting-86339/>