--%>
Assignment Help - homework help

Define the term business forecasting briefly

Define the term business forecasting briefly.

E

Expert

Verified

Business Forecasting:

A forecast of sales of based on economic forecasts. It is since the sale of almost every firm is affected through the state of general business. Era of depression and boom have an effect on the sales value. Sales might be at a raise during the prosperity although might decline throughout the depression.

The businessman must take in consideration the business cycle he is facing hence he can have an effective forecast of sales. The significant methods of forecasting are as follows: (a) Trend Projection (b) Leading Indices and (c) Econometric Models.

   Related Questions in Managerial Economics

  • Q : Marginal Product of Labor in Firm If

    If this firm maximizes profit, this will be producing under circumstances of: (1) increasing returns to labor. (2) economies of scale. (3) diminishing returns to labor. (4) constant returns to labor. (5) adverse selection and moral hazard.

    Q : Average wages for workers Average

    Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.

    		•
  • Q : Labor Supplies in Competitive Markets

    The individual firm in a purely competitive labor market: (1) faces a perfectly elastic supply of labor at the equilibrium wage. (2) faces a perfectly inelastic supply of labor at the equilibrium wage. (3) has a perfectly elastic demand for labor at t

    		•
  • Q : Trade types of cycle distinguished by

    What are the trade types of cycle distinguished by Schumpeter?

    		•
  • Q : Amount of labor by hiring All firms

    All firms maximize profit through hiring the amount of labor where: (w) w = MRC. (x) MRP = VMP. (y) MRC = MRP. (z) MPP = MRP. I need a good answer on the topic of Economics problems. Please give me

    		•
  • Q : States the term fixed cost in briefly

    States the term fixed cost in briefly.

    		•
  • Q : Explain the reasons for demand curve

    Explain the reasons for demand curve slopes downward.

    		•
  • Q : Opportunity costs of purely financial

    By a purely financial perspective, you must stop going to school while you: (w) graduate from college. (x) have to take out educational loans at interest rates which exceed the inflation rate. (y) face opportunity costs of education exceeding the expe

    		•
  • Q : Total Explain the meaning of total,

    Explain the meaning of total, average, marginal and incremental revenue.

    		•
  • Q : Explain the money cost concept briefly

    Explain the money cost concept briefly.

    		•