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Judgmental forecasting is the oldest and still the most important method of forecasting the future.
Adolph G. Abramson has written: 'Operations forecasting' -- subject(s): Economic forecasting, Marketing, Management, Marketing management
Quarterly forecasting is basically an analysis of revenue and expenses to be earned or incurred in future. Revenues are best estimated with respect to product / service demand in the market. If an expert says that revenue will boom, that means profit will increase... so appropriately expenses will be more related to income...... this concept should alwaz be kept in mind in forecasting..... And also past % is to be seen and and those percents should be a point of forecasting also........ Thanks.
There are certain factors to consider when developing an account revenue. The factors to be considered includes the risks of the given business, revenue forecasting, and the blueprint of the given business.
Expenditure is money going out, revenue is money coming in.
1.Quantitative 2.Qualitative
retail revenue management is the effective utilisation of revenue or collection obtained or collected from retail shop or establishment for effective use.
Either you can measure the size and movement of International Revenue Services or how can you manage it. File organisation is very important to find out what is happening and when
Dr. Revenue. has written: 'Profit Rx' -- subject(s): Management, Marketing, Sales management
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.
William King Benton has written: 'The use of the computer in planning' -- subject(s): Business, Data processing 'Forecasting for management' -- subject(s): Economic forecasting, Management, Methodology
why is forecasting so important to companies and how does it have an effect on financing