Essays on Forecasting

The forecasting is an estimate of what will happen in the future. The fact may be product demand, rainfall at a specific location, the country’s population or technological development. In enterprises, forecasts can be broken down into technical provisions, economic forecasts and demand forecasts. The…

“Weather forecast project using softwares” Generic contents. Weather and Climates On the World, the weather and climate is always changes and different in each country and even regions. For example, The average of winter temperature in Korea and India is not only different but also…

Introduction Demand forecasting is a crucial aspect because it largely contributes to efficient decision-making in terms of different organizational operations, particularly in the case of manufacturing companies. In this regard, forecasting is a fundamental process in demand management and other related activities. Forecasting accuracy, for…

Home Depot: Forecasting The Home Depot is a retailer of construction and home improvement services and products, has stores in Mexico, America, China, and Canada. The present economy in the United States has not been friendly for most organizations. The housing market has been the…

Operations Forecasting Quantitative Forecast Methods By using the 2013 – 2016 operational sales data for Macy’s Inc., it was possible to compare three different quantitative forecast methods. The three methods which are being compared are; simple moving average, exponential moving average and the naïve forecasting…

ABSTRACT In our daily life, weather is playing an important role. Weather forecasting provides the business with valuable information. Weather prediction can have significant impact on various sectors of society like Agriculture, Aviation, Broadcast Media, Chemical & Petroleum, Cross-Industry, Financial Markets, Government, Ground Transportation, Insurance,…