FORECASTING

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FORECASTING 


It is a future event or trend. 

It is the process if making predictions of the future based on past or present data that is most commonly by analysis to trends.

In business, a planning tool that helps management in its attempts to cope with the uncertainty of the future, relying data from past and present and analysis of trends. 



Some assumption based on :- 

- Management experience 

- Knowledge 

- Judgement 

- Degree of fit


Some are the factors on which forecasting depends :-

  • Whether 
  • Economic 
  • Ensemble 
  • Energy 
  • Probabilistic 
  • Pandemic Situation 


Location: Julana, Haryana 126101, India

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