Category: Forecasting

Forecasting and Time Value of Money Time value of money (TVM) is a valuable instrument that helps comprehend the value of a currency in relation to a given period. It is a method frequently applied by investors to understand how the current worth of money compares to that of the future. The time value of…

Importance of Forecasting in Business Forecasting is the estimation of the value of a variable (or set of variables) at some point in time in the future. Typically, the purpose of predictive calculations in an enterprise is to provide information to the planning process. Forecasting proceeds from the assumption that if a company can at…

Sales Revenue Forecasting for 2005 and 2006 This paper seeks to examine historical sales revenue data to establish a forecast for 2005 and 2006. The historical data exhibit quarterly seasonality, which will be verified by plotting a scatter diagram of sales revenue against time. This scatter diagram, otherwise called a time series plot, further demonstrates…

Budgeting and Forecasting in Marshal Catering INC. Table of Contents Introduction Market Analysis Basis for Analysis Target Market Sales Strategy Company Structure References Introduction Marshal Catering Inc. is planning to expand its operations by setting up a new catering service business in San Diego, California. The company is presently operating in Sacramento, California. The new…

AUD and NZD Exchange Rate Forecast Australia and New Zealand are neighboring countries with highly intertwined economies and cultures. Australia, which has a larger and more industrialized economy, utilizes the Australian dollar (AUD), while New Zealand with an advanced market economy utilizes the New Zealand dollar (NZD), informally known as Kiwi. The two countries maintain…

A Mini-Economic Forecast of the Recent Drop of the Euro Currency Introduction In the recent past the euro has witnessed a relentless decline in value to the lowest point in four years. The decline is associated bailout that was undertaken by governments in the euro zone during the financial crisis. The countries borrowed heavily from…

Tax Forecasting for the Republic of Vardar Table of Contents Introduction Tax Collection Recommendations Forecast Conclusion References Introduction The Republic of Vardar gained its independence at the beginning of 1990. It came because of the broke up of the Soviet Union. Thus, as a governing unit it has existed even before, but as a part…

Applying the Forecasting Techniques Table of Contents Introduction Exponential Smoothing Forecasting Calculation Alternative Calculation Method Operations Planning Planning Systems Reflection References Introduction When it comes to any business operations, a long-term strategy and predictions play a significant role in the businesss success. Forecasting, for its past, has become an integral part of the business strategy…

Smart Pacifiers Product Marketing Forecasting Table of Contents Introduction Smart gadget use in the UK Market growth challenges for the Smart Pacifier Potential market growth factors and functionalities Conclusion References Introduction The UK is a wealthy developed democracy where the adoption of smart products is already underway. As such, it should account for a significant…

Business Statistics and Sales Revenue Forecast Introduction Forecasting future sales with certainty is impossible since the market conditions are unpredictable. The economy is always constantly changing. Despite the uncertainties, management of companies still need to prepare sales forecasts to enable them to prepare a budget for revenue and expenses. The preparation of such budgets is…