Forecasting
This crossword is about the forecasting techniques.
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Clues
- The success of a business organization depends upon how its manager foresees the future and forecast
- It is common in all forecast, we will assume the future data is based on the historical data.
- Organizations use in production and operations management to implement production strategies.
- This method consist of subjective inputs which often precise numerical description.
- The accuracy of our forecasting will decreases as _______________ increases.
- A statistical technique used to develop mathematical equation showing how variables are related.
- Having an _________ forecast is very important.
- A forecast has to be observed to determine whether it is performing in a satisfactory manner.
- The forecast for any period equals the previous periods actual value
- A technique to forecast the future which uses numerical facts and prior experience .
- It measures the strength of relationship between dependent variable and independent variable.
- Variables being used to predict the value of the _________ variable are called independent variable.
- This method is similar to simple moving average. Heavy weight will be given for the most recent data
- The researcher should know the ____________ of forecast to guide in choosing the suitable method.
- A certain amount of time is needed to respond to the information contained in a forecast.
- The procedures of doing forecasting.
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