Forcasting And Indices
Submitted by bridge on January 22, 2012
- Category: Business
- Words: 350
- Pages: 2
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Forcasting And Indices
Forecasting and Indices
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Forecasting is a process in which statements or conclusions are made regarding the outcome of events that have not yet happened. Forecasting is predicting what the could look like. There are many examples of forecasting. Estimating or predicting can be referred to as formal statistical methods that employ time series, cross-sectional or longitudinal data.
Forecasting can be use to estimate a wide variety of issues, weather related events, the use of resources, sales, profit or loss and even staffing needs for a particular project. Coupling these findings with good planning can give a company a good indication of what the future should look like.
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