Quantitative forecasting - PowerPoint PPT Presentation

Ch 3: Forecasting: Techniques and Routes

Ch 3: Forecasting: Techniques and Routes. Introduction. Forecasting is the establishment of future expectations by the analysis of past data, or the formation of opinions. Forecasting is an essential element of capital budgeting.

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Planning Tools and Techniques

Planning Tools and Techniques. 1. Forecasting: Assumptions about what will happen in future Qualitative forecasting uses expert opinions Quantitative forecasting uses mathematical and statistical analysis. Planning Tools and Techniques. 2. Contingency Planning:

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