--%>
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 : Difference between average cost and

    What are the difference between average cost and total fixed cost?

    		•
  • Q : Categorized the Positive income

    Categorized the Positive income Elasticity?

    		•
  • Q : Illustrates terms total cost

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

    		•
  • Q : Elasticity of Demand for Labor The

    The elasticity of demand for labor is directly associated to: (w) labor’s share of total costs. (x) the elasticity of demand for output. (y) the ease of substitution between labor and other resources. (z) All of the above.

    Q : Phases of business cycle explain the

    explain the different phases of business cycle

    		•
  • Q : Finance and Economics Activity dear

    dear Please read carefully about in structure and requirement of the assessment. I need quality work with academic writing with less than 5% similaraies and make sure if any studens ask same assessment to avoid plagiarism

    		•
  • Q : States the Wealth Definition in

    States the Wealth Definition in economics?

    		•
  • Q : Concavity in production possibilities

    Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra

    		•
  • Q : Labor-Leisure Trade-offs The relative

    The relative price of leisure rises while there are increases within the: (w) supply of labor. (x) wage rate. (y) cost of living. (z) marginal tax rate on income. Can someone explain/help me with best solution abou

    		•
  • Q : Illustration of Screening Nick responds

    Nick responds “help wanted” that ads by making phone calls and scheduling interviews. If a prospective employer asks for a resume and queries Nick regarding his references and skills, in that case the firms are practicing an illustration of: (i) signaling.

    		•