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Forecasting essays

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Soft Computing in Weather Forecasting: Comparative Analysis

4 Pages 2024 Words
Abstract-- In a developing country, like India where the agriculture & industries are base for the national economy, the weather conditions play leading role for their proper development and smooth running. Therefore having accurate weather forecasting information may allow farmers or industry managers to make better decisions on managing their farms. Soft computing using ANN is an innovative approach to...
ForecastingWeather
like 238

Comparing Monthly Electricity Forecasting in Sri Lanka

7 Pages 3075 Words
Abstract Sri Lanka as a developing country, over 98% households have been electrified and it is crucial to plan for future electricity demand in order to match the demand with supply. This study aims at forecasting monthly electricity consumption in Sri Lanka and explores the weather influence on that electricity consumption. Due to higher living standards, weather has a considerable...
Forecasting
like 432

Ways to Make Sales Forecasting More Accurate: Argumentative Essay

7 Pages 3132 Words
Abstract This paper explores seven published articles that talk about the importance of making an accurate Sales Forecasting. This paper will answer how Sales Forecasting helps business people or others because it tells the seller the future trends of what people in general like, and the sellers can know what their customers want. Therefore, the seller and company owner can...
Forecasting
like 432

Need of Sales Forecasting within the Company: Analytical Essay

5 Pages 2151 Words
Forecasting is nothing but predictions and hence closely related with the information flow of a supply chain. In this chapter, we will discuss the information flow in a supply chain from different perspectives like information sharing with channel partners, different obstacles in sharing information and bullwhip effect. Describing and analyzing the forecasting process is our purpose. A deeper understanding of...
Forecasting
like 226

Forecasting in Supply Chain and Demand Management: Review of Literature

5 Pages 2414 Words
Review of Literature This section explores selected journal articles in relation to the research objectives outlined in the introductory part of the research paper. The articles are critically reviewed to determine the key components and factors in forecasting, the forecasting techniques and models discussed, proposed and applied and the challenges of implementation in warehousing forecasting demand management. Furthermore, the research...
ForecastingSupply Chain Management
like 432

AI Forecasting in Pharma Industry: Current & Future Aspects

4 Pages 1928 Words
Abstract: “Forecasting” The term broadly refers to the process of prediction as per the customer’s demand based on the huge historical sales data in the pharmaceutics industry. The aim of forecasting help to understand the market value and enable to predict the optimum level of customer demands. Thereby business management facilitates augmenting the future requirements from the previous sales quantity...
Forecasting
like 432

Linear Regression Forecasting and Decision Trees Case Study

2 Pages 885 Words
Using forecasting techniques for predicting the changes in sales rates and, therefore, defining further strategies is a common pattern in modern business management (Simkin, Norman and Rose 318). The introduction of information technology tools has opened new horizons for marketers, yet also posed a range of threats in terms of the reliability of the data. Sales per click ratio, which...
DecisionForecasting
like 432

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