Write any two feature of forecasting in business

The finite supply of natural resources forces us to reconsider the desirability of unlimited growth. That same forecast, the idea of zero growth, is a catastrophic nightmare for the corporate and financial institutions of the free world.

market forecasting methods

In this case the line intercepts x month 6 at y It includes forecasting of inflation rate, interest rate, GDP, etc. Many futurists de Jouvenel, Dublin, Pohl, and others have expressed the idea that the way we contemplate the future is an expression of our desire to create that future.

New York: Battelle Press.

elements of forecasting

On the other hand, a social forecast might alter the course of an entire society. The importance of tailoring a forecast to the forecast horizon was emphasized.

importance of forecasting
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Demand Forecasting