Forecasting in Business
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Forecasting in Business

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What is forecasting?

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 in Business Presentation Transcript

  • 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