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Essay

forecasting methods

Essay specific features

 

Issue:

Business

 

Written by:

Gregory M

 

Date added:

December 18, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 896

 

Was viewed:

5369 times

 

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Essay content:

Since, the forecast methods or techniques differ from one another; the objective is to compare and contrast several forecasting methods, and how they are used by organizations to the best advantage under conditions of uncertainty. One of the forecasting techniques typically used by organizations is the historical analogy...
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Chase et al. (2005), define that historical analogy "ties what is being forecast to a similar item" (p. 514). This technique is used when the company is planning to launch a new product to market. Since there is no data available for the new product, the organizations try to compensate the uncertainty by using data from product with similar characteristics...
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General issues of this essay:
Business Forecasting Comparing and Contrasting Forecasting Methods Forecasting Methods in Big-box Retailing Forecasting Methods Forecasting in business Forecasting Forecasting Forecasting Forecasting Forecasting Forecasting forecasting methods forecasting Do deep self views provide an adequate account of free will and moral responsibility? forecasting
 

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