Scribd
Upload
10 views

Forecasting

Forecasting is the process of estimating future events by analyzing past and present behaviors, which aids in planning and organizational promotion. It has limitations such as reliance on assumptions and associated time and cost factors. Various techniques for forecasting include historical analogy, surveys, opinion polls, and econometric models.

Uploaded by

Kamaldeep Kaur Grewal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
10 views

Forecasting

Forecasting is the process of estimating future events by analyzing past and present behaviors, which aids in planning and organizational promotion. It has limitations such as reliance on assumptions and associated time and cost factors. Various techniques for forecasting include historical analogy, surveys, opinion polls, and econometric models.

Uploaded by

Kamaldeep Kaur Grewal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 5

Forecasting

• Process of estimating the relevant event of


future, based on the analysis of heir past and
present behavior
Planning Forecasting

comprehensive Helps planning

Decision making No decision making


Importance of forecasting
• Promotion of organization
• Key of planning
• Coordination and control
limitations
• Based on assumptions
• Not absolute truth
• Time and cost factor
techniques
• Historical analogy
• Survey
• Opinion poll
• Business barometers
• Time series analysis
• Extrapolation
• Regression
• Econometric models

You might also like