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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 409 |
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In forecasting, it is seldom perfect. This means that there are many outside factors that we cannot predict or control that have impact on the result. Moreover, many forecasting technique assumes that there is some underlying stability in the system. Therefore, some firms do their predictions using computerized forecasting software first and later closely monitor the product items when the demand is low...
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In forecasting, it is seldom perfect. This means that there are many outside factors that we cannot predict or control that have impact on the result. Moreover, many forecasting technique assumes that there is some underlying stability in the system. Therefore, some firms do their predictions using computerized forecasting software first and later closely monitor the product items when the demand is low...
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General points of the essay
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