Can you really forecast? Dilemma of a novice forecaster

Article Abstract:

The principles and purposes of forecasting are discussed, with particular focus on the occurrence of errors. As forecasted data cannot correspond exactly with the reality, errors in forecasting can be beneficial and educational in the sense that they can be minimised to the businesses' advantage and profitability.

Risk management

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How to determine the approach to forecasting

Article Abstract:

Issues concerning types of forecasting and choosing the correct forecasting technique for the business in which it is applied are discussed. Particular attention is given to categories of products, the size of customers and the level of promotion of the forecasting environment.

Editorial

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Ten commandments of succeeding in the forecasting function

Article Abstract:

Issues concerning the qualities indispensable to business forecasters are discussed. Particular attention is given to the importance of becoming computer literate and be able to use forecasting software, as well as developing good communication skills.

United States, Brief Article, Education

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