The topic will provide students with the opportunity to develop skills in business forecasting. It will explain how to make business forecasts in circumstances where there is little information available and situations where considerable data are available. Major business data sources are reviewed and methods of processing data to generate good forecasts are described. These methods include regression, time series analysis and judgmental procedures. Students use Microsoft Excel computer software to apply the techniques in business forecasting situations.
This topic aims to provide students with the knowledge to develop the required skills necessary in business forecasting.
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