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Casual forecasting is mainly concerned with finding a cause-effect relationship between the explanatory variables and the variable to be predicted. After a proper relationship is identified the independent variable can be forecasted by using the future values of the explanatory variables.
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Explain causal modeling forecasting?
Casual forecasting involves determining of factors that relate to the variable you are trying to forecast. These include multiple regression analysis with lagged variables, econometric modeling, leading indicator analysis, diffusion indexes, and other economic barometers.
Discuss the shortcomings of the percent of sales method of financial forecasting?
The percent of sales method of forecasting needs to based on a series of assumptions, and the forecasting would heavily relay on the percent of sales as the key tool for forecasting. Furthermore, the percentage of sales for the next period cannot prevent the forecasting result from the expectations of the investors.
Relationship between market demand market potential and sales forecasting?
demand forecasting is crucial for sales forecast
What is macro and micro forecasting?
Macro forecasting is related to forecasting external forces that affect the firm. This is concerned with forecasting the markets and determining market demand, supplies and other external factors such as legal, cultural, economic and technological environmentsMicro forecasting is concerned with forecasting internal environments such as sales forecasts, market share and product life cycles. These can be described as factors which firm has control over or able to acquire information to forecast what will happen. For example, a company can check its sales records to forecast next months' sales
What is room sales forecasting?
It is a sort of executive judgement forecasting where prediction is done from the office without through practical field knowledge of markets and its trend
Explain causal modeling forecasting?
Casual forecasting involves determining of factors that relate to the variable you are trying to forecast. These include multiple regression analysis with lagged variables, econometric modeling, leading indicator analysis, diffusion indexes, and other economic barometers.
What is an explanation of Supply forecasting.?
Explain Supply forecasting
What has the author Spyros G Makridakis written?
Spyros G. Makridakis has written: 'Interactive forecasting' -- subject(s): Forecasting, Data processing 'Forecasting : methods and applications' -- subject(s): Forecasting
What is the oldest and most important method of forecasting the future?
Judgmental forecasting is the oldest and still the most important method of forecasting the future.
How are satellites used in forecasting?
how are satellites used in forecasting insat 1A
Some weather forecasting tools?
a tool that can be used for forecasting would be A barometer.
Are forecasting and indexing used together?
Are forecasting and indexing ever used together
When was International Journal of Forecasting created?
International Journal of Forecasting was created in 1985.
When was Flood Forecasting Centre created?
Flood Forecasting Centre was created in 2009.
The usual starting point for preparing a master budget is forecasting or estimating?
forecasting
What is the basis for forecasting an earthquake strength?
The basis for forecasting strength is gap hypothesis.
Discuss the shortcomings of the percent of sales method of financial forecasting?
The percent of sales method of forecasting needs to based on a series of assumptions, and the forecasting would heavily relay on the percent of sales as the key tool for forecasting. Furthermore, the percentage of sales for the next period cannot prevent the forecasting result from the expectations of the investors.
