What kind of prediction model will be more suitable for an enterprise that introduced a new product?
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What kind of prediction model will be more suitable for an enterprise that introduced a new product?
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- Under what conditions might a firm use multiple forecasting methods?How can the accuracy of a prediction model be assessed? Detailed explanation?Sales of a particular product (in the thousands of dollars) for the year of 2015 through 2018 have been $48,000, $64,000, $67,000 and $83,000 respectively. (a) What sales would you predict for 2019, using a simple four year moving average? (b) What sales would you predict for 2019, using a weighted moving average with weights of 0.50 for the immediate preceding year 0.3, 0.15, and 0.05 for the three years before that?
- For the causal analysis forecasting method, which variables would a business identify as being relevant to their organization’s sales?how is a time series module and a causal model used in a business?The treasury manager of a chain of clothing stores wants to develop a medium-term forecast. Management plans to open two new stores, and anticipates same-store sales to increase by 15%. Which of the following items can be predicted with the highest degree of certainty? Group of answer choices Taxes on the exercise of stock options fixed bond interest payments new product sales new franchise fees Loss exposures related to treasury management may include which of the following? Group of answer choices losses due to faulty investment of cash reserves product safety recalls litigation costs for intellectual property infringement bank consolidation
- Sales of a particular product for the years 2017 through 2020 have been 43,466, 63,848, 51,112 and 79,210 respectively. What sales would you predict for 2021 using a simple four-year moving average?What role does forecasting play in the planning process, and what are some methods and models used for making accurate predictions and projections?When a new business is started, or a patent idea needs funding, venture capitalists or investment bankers will want to see a business plan that includes forecast information related to profit and loss statements. What type of forecasting information do you think would the investors be looking for? Why?