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This essay is based on Forecasting.Forecasting is defined as predicting the future to establish certain premises upon to which plan should be made.The essay has also discussed on methods ,advantage and disadvantage of forecasting.
|language || ||english
|wordcount || ||1366 (cca 3.5 pages)
|contextual quality || ||N/A
|language level || ||N/A
|price || ||free
|sources || ||1
Table of contents
1.0 DEFINATION 1
1.2 METHODS OF FORECASTING 2
1.3 ADVANTAGES OF FORECASTING 5
1.4 DISADVANTAGES OF FORECASTING 6
Preview of the essay: FORECASTING
FORECASTING 1.0 DEFINATION Forecasting is the probing the future to establish certain premises upon which a plan should be based. It involves statistical gathering and tabulation of information to derive meaning for prediction of the future. Forecasting can also be defined as the setting of objectives to be achieved as a means of guiding the way to where one wants to take the organization. ...
... is costly while gathering and analysis data. 5. It leaves room for loophole that the past may not be representative of the future. 6. There is lack of communication between users and prepares. 7. Failure to plan a progressive set of action to realize the company’s full potential for forecasting.
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