Forecasting is important because it helps managers prepare for changes in their industry. With the right forecasting, companies can have the products their consumers want with out any shortages or overages.
Its important so you know whether to pack your bathing suit, or take an umbrella..
Judgmental forecasting is the oldest and still the most important method of forecasting the future.
why is forecasting so important to companies and how does it have an effect on financing
weather maps
Delphi method
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
why is demand estimation and forecast important for managerial decision making
There are many types of forecasting depending on the discipline. Weather forecasting uses satellite images and pressure measures to predict the weather. Economic forecasting can be used for budgeting purposes, to predict sales or profit and loss margins, deficits and other indices important to the economy. Regardless of the discipline information on forecasting techniques can be found in educational institutions, libraries and in books that deal with he specific subject of the forecast.
wind is very important because it moves moisture and heat around the world and produces much of our weather
Yes. Satellites are one of the most important tools in hurricane forecasting.
Yes. The barometer is one of the most important tools in forecasting and studying weather.
Explain Supply forecasting