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Essay

Forecasting in business

Essay specific features

 

Issue:

Business

 

Written by:

David C

 

Date added:

August 29, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1524

 

Was viewed:

4834 times

 

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Essay content:

Planning problems, whether dealing with services or merchandise, can cause any manager headaches easily solved by forecasting. It is important that any manager realizes that the past is a key to the future. Although no long-term plan is perfect, using the correct forecasting tool, along with continual evaluation, allows the manager to review and update corporate financial plans...
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513). The purpose of forecasting is to translate experience from the past into an educated guess for the future. Each of the four types has its own merit and can be useful to the business manager. The type chosen will be determined according to the result of the forecasting prediction that is desired...
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