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    Utsav Gahtori
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    Forecasting is basically the process of analyzing current and historical data to determine future trends. Different from planning as planning predicts what the future SHOULD look like. Selection of a method is based on objectives and conditions.

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    Forecasting is basically the process of analyzing current and historical data to determine future trends. Different from planning as planning predicts what the future SHOULD look like. Selection of a method is based on objectives and conditions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views3 pages

    Presentation 1

    Uploaded by

    Utsav Gahtori
    Forecasting is basically the process of analyzing current and historical data to determine future trends. Different from planning as planning predicts what the future SHOULD look like. Selection of a method is based on objectives and conditions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3
    ‡ Method for estimating many future aspects of a business or any other operations. ‡ It is basically the process of analyzing current and historical data to determine future trends. ‡ Done by all organizations. ‡ Different from planning, as planning predicts what the future SHOULD look like whereas forecasting predicts what the future will LOOK like. ‡ Selection of a method is based on objectives and conditions. ‡ Forecasting is closely linked with risk & uncertainty.

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