--%>
Assignment Help - homework help

Define the term business forecasting briefly

Define the term business forecasting briefly.

E

Expert

Verified

Business Forecasting:

A forecast of sales of based on economic forecasts. It is since the sale of almost every firm is affected through the state of general business. Era of depression and boom have an effect on the sales value. Sales might be at a raise during the prosperity although might decline throughout the depression.

The businessman must take in consideration the business cycle he is facing hence he can have an effective forecast of sales. The significant methods of forecasting are as follows: (a) Trend Projection (b) Leading Indices and (c) Econometric Models.

   Related Questions in Managerial Economics

  • Q : Gains from Exchange Can someone help me

    Can someone help me in finding out the right answer from the given options. Persons or nations that can outperform their competitors in all tasks enjoy: (1) Absolute benefits in all outputs. (2) Relative benefits in all outputs. (3) Comparative benefits in all outputs

    		•
  • Q : Diminishing Returns and Increasing Costs

    I have a problem in economics on Diminishing Returns and Increasing Costs. Please help me in the following question. The concave (or bowed out) production possibilities frontier means that the opportunity costs are: (i) Constant (ii) Increasing (iii)

    		•
  • Q : Spencer and Sieglemans definition of

    What is Spencer and Siegleman’s definition of Managerial economics?

    		•
  • Q : Unitarily inelastic supply of labor

    Glynn’s supply of labor is unitarily inelastic while the wage rate increases by: (1) $10 per hour to $20 per hour. (2) $10 per hour to $50 per hour. (3) $20 per hour to $50 per hour. (4) $20 per hour to $80 per hour. (5) $80 per hour to $90 per

    		•
  • Q : Cost concept of business operation and

    Categories the cost concept of business operation and decision making?

    		•
  • Q : Accurate ranking in most elastic labor

    When we try to list labor supplies from least elastic to most elastic, in that case the most accurate ranking would most likely be: (1) competitive firm, minute industry, highly skilled occupation. (2) economy, skilled occupation, competitive firm wit

    		•
  • Q : What are differences between

    What are the differences between differential cost and explicit cost?

    		•
  • Q : Forecasting demand what are the

    what are the criteria for good forecasting

    		•
  • Q : Explain about econometric models

    Explain about econometric models.

    		•
  • Q : Illustrates terms total cost

    Illustrates the terms total cost, average cost and also marginal cost?

    		•