Forecasting Series Summary

Over the last several weeks, we have looked at forecasting from a variety of angles. We have looked at why it's important, how it is calculated, and how to determine it's accuracy. Topics we have looked at include:

• Introduction
• The Importance and Use.
• Time Horizons of Forecasts
• Qualitative Methods of Forecasting
1. Jury of Executive Opinion
2. Delphi
3. Sales Force Composite
4. Market Survey


• Quantitative Methods of Forecasting
1. Introduction to Time Series
2. Naive Method
3. Moving Averages: Part I / Part II
4. Exponential Smoothing: Part I / Part II
5. Forecasting Error
6. Trend Projection
7. Linear Regression


• Forecast Tracking
• Summary of All Forecasting Topics

All of these are important areas to look at. I hope that this series looking into forecasting has been informative, especially in regards to sales and demand. I may return to the subject of forecasting in the future once I have more knowledge and experience. Thank you for taking this journey with me. The business world can be stormy. However, a handy and accurate forecast can help financial analysts and project managers predict trouble in advance, and help businesses steer into safer harbors.

Thanks again for learning about forecasting with me.
-------Sincerely, Trevor Stasik.

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To return to initial post about forecasting, click HERE.

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Demand, Forecasting, Business, Financial Analysis