Regardless of who does it, fore-casting is done to identify what is likely to happen in the future so as to be able to benefit most from the events.
forecasting markets is trying to know the behavior of markets in advance. this can be done by regression techniques and several softwares available in maerket.
It is a sort of executive judgement forecasting where prediction is done from the office without through practical field knowledge of markets and its trend
Structured judgmental sales forecasting requires the affiliate marketer to make decisions based on historical data. The forecast is done with field knowledge of the product.
Regardless of who does it, fore-casting is done to identify what is likely to happen in the future so as to be able to benefit most from the events.
forecasting what jobs will need to be done in the future.
Fashion Forecasting in simple terms is predicting after a lot of research and analysis , what is going to be in fashion the next season. pretty much everything is covered including colors, silhouettes, styles, fabrics, accessories. etc.
The very objective of business forecasting is to be accurate as possible, so that planning of resources can be done in a very economical manner and therefore, propagate optimum utilization of resources. Business forecasting helps in establishing relationship among many variables, which go into manufacturing of the product. Each forecast situation must be analyzed independently along with forecasting method.
Tornado forecasting is done by the Storm Prediction Center and by local offices of the National Weather Service.
The fourth step of the forecasting process is selecting the appropriate forecasting model or technique to use. This involves identifying the most suitable method based on the data characteristics, the forecasting horizon, and the specific requirements of the forecast.
Explain Supply forecasting
It is a sort of executive judgement forecasting where prediction is done from the office without through practical field knowledge of markets and its trend
Spyros G. Makridakis has written: 'Interactive forecasting' -- subject(s): Forecasting, Data processing 'Forecasting : methods and applications' -- subject(s): Forecasting