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Chapter 5

Chapter Five discusses the importance of forecasting, outlining its uses, common features, and time horizons. It also details the requirements for accurate forecasts, steps involved in forecasting, and situational factors that affect forecasting effectiveness. Additionally, various approaches to forecasting are explored.

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4 views22 pages

Chapter 5

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Chapter Five

Copyright Oxford University Press 2013

Learning objectives

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Learning objectives

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5.3 Features common to all forecasts

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5.4 Time horizons for doing forecasts

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5.4 Time horizons for doing forecasts
(cont.)

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5.5 Requirements of an accurate forecast

5.6 Forecasting steps

Figure 5.3

5.8 Reasons for ineffective forecasts

5.9 Approaches to forecasting

5.9 Approaches to forecasting (cont.)

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Chapter 5

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Chapter 5

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Chapter Five

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

Copyright Oxford University Press 2013

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