Upcoming SlideShare
×

# Barometric method1

219
-1

Published on

only barometric method

0 Likes
Statistics
Notes
• Full Name
Comment goes here.

Are you sure you want to Yes No
• Be the first to comment

• Be the first to like this

Views
Total Views
219
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
5
0
Likes
0
Embeds 0
No embeds

No notes for slide

### Barometric method1

1. 1. BAROMETRIC METHOD<br />By-<br /> ANKIT JAISWAL<br /> ANJUM FATIMA<br /> ANJANA<br /> ANIL KUMAR<br />ANSHITA SRIVASTAVA<br />1<br />
2. 2. What is ARIMA Method?<br />2<br />
3. 3. ARIMA Method we can also called BOX-JENKIN TECHNIQUE . <br /> Box-Jenkins method of forecasting is used for short term predictions.<br />3<br />
4. 4. What is BAROMETRIC METHOD ?<br />4<br />
5. 5. Techniques of Demand Forecasting<br />Trand projection<br />5<br />Baromatric Method<br />Econometric Method<br />
6. 6. BAROMETRIC METHOD<br />The basic approach of barometer technique is to construct an index of relevant economic indicators and to forecast future trends on the basis of movements in the index of economic indicators.<br />6<br />
7. 7.  The indicators used in Barometric Method<br />Leading indicators<br />Coincidental indicators<br />Lagging indicators<br />7<br />
8. 8. Leading indicators<br />consists of indicators which move up and down ahead of some other series.<br />E.g. => (i) index of net business formation:<br />(ii) New building permits:<br />(iii) New orders for durable goods:<br />(iv) Corporate profit after tax, etc..<br />8<br />
9. 9. Coincidental indicators<br />The ones that move up and down simultaneously with the level of economic activity. <br />E.g.=> (i) number of employees in the non- agricultural sector:<br />(ii) rate of unemployment:<br />(iii) sales recorded by the manufacturing, trading and the retail sectors etc.<br />9<br />
10. 10. Lagging indicators<br />Lagging indicators consists of those indicators which follow a change after some time lag. <br />E.g. => (i) labour cost per unit of manufactured<br /> output:<br />(ii) Out Standing loans:<br />(iii) lending rate for short-term loans etc.<br />10<br />