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Business Management - Analysis

What do we do with business data?
Can we predict the future?
How?
What is regression?

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Business Management - Analysis

  1. 1. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Forecasting in Business Mohammad Tawfik
  2. 2. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik What is forecasting? ● Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. Wikipedia
  3. 3. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Why Forecasting?
  4. 4. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Predicting the future!
  5. 5. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Inventory requirements
  6. 6. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Financial requirements
  7. 7. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Shipping requirements
  8. 8. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Market expectations
  9. 9. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Human resources requirements
  10. 10. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik A good forecast must be ...
  11. 11. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Meaningful
  12. 12. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Reliable
  13. 13. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Accurate
  14. 14. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Timely
  15. 15. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik How?
  16. 16. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Data, Data, Data!
  17. 17. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Naive forecasting
  18. 18. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Judgmental forecasting
  19. 19. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Crowd wisdom
  20. 20. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Weighted averages
  21. 21. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Time regression
  22. 22. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Steps of forecasting
  23. 23. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Determine purpose
  24. 24. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Establish time horizon
  25. 25. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Select technique
  26. 26. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Obtain data
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  28. 28. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Follow up
  29. 29. http://WikiCourses.WikiSpaces.com http://AcademyOfKnowledge.org Analysis - Business Engineers Mohammad Tawfik Bibliography ● BUSINESS-PLAN FORECASTING, by Steven D. Peterson, Peter E. Jaret, Barbara Findlay Schenck ● Excel Sales Forecasting For Dummies, by Conrad Carlberg ● Sales Forecasting: A Practical Guide, by Mark Blessington ● Sales and Operations Planning The How-To Handbook, by Thomas F. Wallace and Robert A Stahl ● Introduction to Financial Forecasting in Investment Analys, by John Guerard

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