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Essay specific features


Written by:
William C
Date added:
June 8, 2014
Level:
University
Grade:
A
No of pages / words:
7 / 1882
Was viewed:
3349 times
Rating of current essay:
Essay content:
Figure 2:Graph plotted between no. of tourist and corresponding month 10
10. Figure 3: Correlogram of Autocorrelation for various lags 11
11. Figure 4: Correlogram of Autocorrelation for first Difference 12
12. Figure 5: Forecast Comparison 13
Introduction:
Many management and control decisions are often influenced by the current market situation and on how it is expected to change in the near future...
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An accurate prior estimate of the possible changes in the key factors (e.g. estimate of probable increase in demand of a product) can go a long way in improving the quality of decisions taken. Forecasting deals with the prediction of such future events and normally uses some sophisticated statistical techniques on the maintained historical data to derive that prediction...
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