Share
Explore BrainMass

Forecasting in organizations

What is forecasting? What information is forecasted at your organization? Which forecasting methods are used at your organization? What information at your organization is not currently being forecasted that could be forecasted to increase productivity or decrease waste?

Solution Preview

Forecasting refers to the process of predicting the future. It involves predicting the future outcome of any business decision that is made. For instance, an automobile company can make a forecast of the number of cars it expects to sell in the next year or so. ...

Solution Summary

This solution defines forecasting and indeed the kind of information that is forecasted in organization

$2.19