Saturday, December 21, 2019

Essay about Business Forecasting Group Project - 1318 Words

ECON2209, Business Forecasting, 2014 S1 Course Project (14% + 3% in Total) 1. This project has a value of 14% of the total assessment. In addition, there is a teamwork component worth 3%. The teamwork mark will be based on the online self and peer assessment (see Teamwork Assessment section at the end of this document). 2. This project must be completed in a group of 3 or 4 students. The members of a group come from the same tutorial class. Groups have been alphabetically assigned. Each group is identified by a class number (e.g. Class 2649) and a group number (e.g. Group 2). Please check the spreadsheets in â€Å"courseProjectGroups† to see the group you belong to. Each group must select one person to submit the project. Each group†¦show more content†¦Your task is to analyse the data and provide answers to the above questions. While your client does not use any technical jargons, you realise that the answer to Part (a) requires the construction of a proper econometric model for the historical building approvals, which will in turn produce the answer to Part (b). Your report should have four sections. The â€Å"Executive Summary† section should contain a summary of your answers and conclusions to the client’s questions. In the â€Å"Main Report† section, you should report how you analyse the data, build and check the model, and produce the answers and conclusions. This section justifies the contents of â€Å"Executive Summary†. In the â€Å"Further Issues† section, you should comment on the likely shortcomings of your results. The â€Å"Appendix† section should hold the set of EViews commands used in your analysis. Further you do want to impress your client by delivering a nicely presented report. Hints †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ Total length of your completed project, including all discussions, tables, graphs, EViews commands, and the cover page, should not exceed 12 pages. The marks are distributed as: 1 mark for Executive Summary, 11 marks for Main Report, 1 mark for Further Issues, and 1 mark for Appendix and overall presentation. Use the principles/models/techniques up to the end of BF-09 and the end of Chapter 10 of the textbook (inclusive). The projectShow MoreRelatedForecast1127 Words   |  5 PagesManagement Excellence Toolkit-Part 4: Improve Your Estimating and Forecasting Effectiveness March 16, 2011 by Art Petty Leave a Comment 27 Note from Art: Your decisions define you as a leader and a manager, yet we spend very little time in our busy lives finding ways to improve our abilities in this area. This Management Excellence Toolkit Series will help you recognize the challenges and pitfalls of individual and group decision-making and offer ideas on improving performance for you and yourRead MoreCommercial Analysis Forecasting Management Project Accounting Management1511 Words   |  7 Pagesspanning mining, engineering construction, through to logistics/transport, materials handling and motoring services. Recognised as a true business-partner to management, providing the knowledge and expertise needed to aid all levels of decision making. A specialist in modelling and quantifying business activity for periodic reporting, budgeting and forecasting, and other decision-making purposes. Strong financial risk management focus, assessing and analysing opportunities to reduce and mitigateRead MoreForecasting1330 Word s   |  6 PagesForecasting Business forecasting is the process of studying historical performance for the purpose of using the information gained to project future business conditions so that decisions can be made today that will assist in the achievement of certain goals. Forecasting involves taking historical date and using it to project future data with a mathematical model. Forecasts are extensively used to support business decisions and direct the work of operations managers. In this paper I will introduceRead MoreEssay about Business Forecast1444 Words   |  6 PagesBusiness Forecast This Paper examines and compares various forecasting techniques used for qualitative and quantitative business forecasting and their use in Firstlogic Inc., to forecast the demand under conditions of uncertainty. Time series and Delphi forecasting methods are considered for this research to evaluate their ability to make effective decisions regarding the future. Business Forecasting Business forecasting is the process of studying historical performance for the purpose ofRead MoreThe Career Of An Operations Manager At A Call Center963 Words   |  4 Pagesinclude mail-order catalog houses, telemarketing companies, computer product help desks, banks, financial service and insurance groups, transportation and freight handling firms, hotels and IT companies. Call centers are a great way to show how tools are being implemented throughout the day. There is a need for an operations manager to utilize the tools necessary for the business to survive. They use many tools but I am focusing on a few. Quality management which is used to assure that the agents whoRead MoreEssay on Forecasting Methodology1443 Words   |  6 PagesForecasting Methodology Forecasting is an integral part in planning the financial future of any business and allows the company to consider probabilities of current and future trends using existing data and facts. Forecasts are vital to every business organization and for every significant management decision. Forecasting, according to Armstrong (2001), is the basis of corporate long-run planning. Many times, this unique approach is used not only to provide a baseline, but also to offer a predictionRead MoreBusiness Forecast1469 Words   |  6 Pagesvarious forecasting techniques used for qualitative and quantitative business forecasting and their use in Firstlogic Inc., to forecast the demand under conditions of uncertainty. Time series and Delphi forecasting methods are considered for this research to evaluate their ability to make effective decisions regarding the future. Business Forecasting Business forecasting is the process of studying historical performance for the purpose of using the knowledge gained to project future business conditionsRead MoreManagement Functions1016 Words   |  5 PagesManagement Functions Contents Page Introduction 1 Forecasting 2 Planning 3 Organisation 4 Control 5 Co-ordination 6 Communication 7 Motivation 8 Conclusion 9 References 10 Introduction Henri Fayol was one of the most influential contributors to modern concepts of management. His career began as a mining engineer, later moving into research geology for Comambault. The company was struggling however, FayolRead MoreForecasting Methodology1473 Words   |  6 PagesForecasting Methodology Forecasting is an integral part in planning the financial future of any business and allows the company to consider probabilities of current and future trends using existing data and facts. Forecasts are vital to every business organization and for every significant management decision. Forecasting, according to Armstrong (2001), is the basis of corporate long-run planning. Many times, this unique approach is used not only to provide a baseline, but also to offer a predictionRead MoreJust in Time for the Holidays1165 Words   |  5 Pagessituation. There are many ways to predict the trend in the market. M. Eric Johnson, the director of the Glassmeyer/McNamee Center for Digital Strategies at Dartmouth’s Tuck School of Business who advises Santa to stop reacting to fads and start creating them. Market research is necessary, but it is a mistake to rely on focus groups for kids. Nor do even the best technologies for capturing early demand indicators work reliably for toys. Instea d, Johnson recommends advertising, tie-ins (with some cautions)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.