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Forecasting in Business

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Mohammad Tawfik
Mohammad Tawfik

What is forecasting? Why do we do forecasting? How to perform forecasting? What to expect from forecasting?

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Forecasting in Business Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
What is forecasting? ● ● Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. Wikipedia Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Why Forecasting? Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Predicting the future! Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Inventory requirements Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Financial requirements Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Shipping requirements Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Market expectations Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Human resources requirements Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
A good forecast must be ... Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Meaningful Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Reliable Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Accurate Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Timely Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
How? Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Data, Data, Data! Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Naive forecasting Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Judgmental forecasting Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Crowd wisdom Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Weighted averages Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Time regression Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Steps of forecasting Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Determine purpose Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Establish time horizon Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Select technique Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Obtain data Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Forecast! Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com
Follow up Forecasting – Business for Engineers Mohammad Tawfik #WikiCourses http://WikiCourses.WikiSpaces.com

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