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What are the factors that affect demand forecasting?
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
Advantages and disadvantages of forecasting?
One advantage of business forecasting is that it offers the business with essential information that can be used for decision-making regarding the future of the organization. One disadvantage forecasting is not always accurate. A bad forecast may break an organization.
What is demand forecasting?
Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods, such as educated guesses, and quantitative methods, such as the use of historical sales data or current data from test markets. Demand forecasting may be used in making pricing decisions, in assessing future capacity requirements, or in making decisions on whether to enter a new market
What is the contrast between gain contingency and loss contingency?
A gain contingency is where a gain will incur if certain future events incur or not occur while loss contingency is the posting of a future loss that may result from some event or happening
Is demand forecasting equally important for small and large business firms?
Yes demand forecasting is very important for all firms small and large. Without proper demand forecasting, a company may not be able to meet the demand for their items. When a customer is unable to get the product they want more than once, they might choose to buy the competitors product. similarly if we produce excess goods then we may not be able to sell them and incur losses
What are the factors that affect demand forecasting?
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
Advantages and disadvantages of forecasting?
One advantage of business forecasting is that it offers the business with essential information that can be used for decision-making regarding the future of the organization. One disadvantage forecasting is not always accurate. A bad forecast may break an organization.
Advantages and disadvantages of business forecasting?
One advantage of business forecasting is that it offers the business with essential information that can be used for decision-making regarding the future of the organization. One disadvantage forecasting is not always accurate. A bad forecast may break an organization.
Will your past effect your future?
No, but it may affect it . . .
How do events of the past affect the future?
Depends on what you mean by events. But actions/events have consequences. For example if you spend all your money on pay day for the rest of the week (future) you will be poor. Or for example on a bigger scale, if all the young men of a country go to war and are killed, in the future there will be a shortage of men in the country. Women my leave the country to find a husband or men may come into the country from other countries.
What is a hinting at future events?
A hinting at future events refers to subtle clues or suggestions provided in a story or narrative that foreshadow or indicate what may happen later on. These hints can be in the form of symbolic imagery, ambiguous dialogue, or mysterious events that give the reader or viewer insight into what may unfold in the future. Overall, hinting at future events adds depth and anticipation to a narrative.
How will the future tv affect us in the future?
No one can accurately predict the effects it may have.
How may it foreshadow future events in the outsiders book?
how does the setting foreshadow the events in chapter 4 in the outsiders
How do events in one nation affect other nations?
Events or terrorist attacks that happen in one country may affect others. If the country has an enemy, the country may choose to attack the vulnerable country at their time of weakness.
The act of forecasting something that may or may or may not occur later?
Prediction
May I please have an explanation of financial forecasting?
A financial forecaster is a person whose job it is to forecast the financial future of company, country or other institution. This person uses prior financial data to determine probable financial outcome. Financial forecasting is used to estimate whether or not the institution will profit financially.
What is the definition of the word prediction?
A prediction is a statement about a future event or outcome based on evidence, experience, or reasoning. It involves forecasting what may happen in the future based on current information or trends.
