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# Bft

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### Bft

1. 1. BUSINESS FORECASTING TECHNIQUES PRESENTATION ONFUTURE INCREMENT IN SUBSCRIPTION BASE FOR SOCIAL NETWORKING SITE IN THE MONTHS NOV.,DEC.,JAN.
2. 2. FEW FACTS ABOUT THE COMPANY FOUNDED IN 2OO4 BYMark ZuckerbergChris HughesDustin MoskovitzEduardo SaverinThese 4 were college roommatesand computer science students atharvard university.
3. 3. GROWTH OF THE COMPANY• THE GROWTH OF THE COMPANY HAS BEEN PHENOMENAL IN TERMS OF SUBSCRIPTION.• FROM HARVARD TO HIGH SCHOOLS AND THEN CAPTURING THE WHOLE WORLD.• FACEBOOK IS THE MOST POPULAR SOCIAL NETWORKING SITE TODAY.• IF WE TAKE A LOOK ON THIS YEAR’S GROWTH ITS NOT LOOKING DOWN .JUST UP & UP.
4. 4. SOME VERY INTERESTING FACTS
5. 5. FORECASTING TECHNIQUELEAST SQUARE METHOD HAS BEEN USED.• The method of least squares is a standard approach to the approximate solution of overdetermined systems i.e. sets of equations in which there are more equations than unknowns. "Least squares" means that the overall solution minimizes the sum of the squares of the errors made in solving every single equation.
6. 6. FORMULAES USED
7. 7. DATA COLLECTED
8. 8. SUMMATION OF DATA
9. 9. SOLVING a & b
10. 10. ESTIMATIONWE FORECASTED THAT NO. OF FACEBOOK USERS IN :- NOV 2010 - 619.155 MILLION DEC 2010 - 647.365 MILLION JAN 2011 – 675.575 MILLION
11. 11. `
12. 12. THANK YOU SUBMITTED BY:MITESH BARDE [IM2K7-51]MITESH SHROFF[IM2K7-52]RITESH RASTOGI[IM2K7-76] SOUVIK PAUL[IM2K7-92]