Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Forecasting:
Forecasts play a vital role in determining material needs that constitute inventories and in establishing production plans. In this unit, you have studied the importance of demand forecasting in business. Forecasting provides a basis for coordination of plans for activities in several parts of a particular company. It provides very important information to the company. Therefore, proper care should be exercised while estimating forecast value. Developing a forecasting system is not simple. It should be done because forecasting is fundamental to any planning effort.
Forecasting is the basis of corporate long run planning. In the functional areas of finance and accounting, forecasts provide the basis for budgetary planning and cost control. Production and operations personnel use forecasts to make periodic decisions involving process selection, capacity planning, facility layout, etc.
Marketing based on sales forecasting to plan new products and makes key decisions. Forecast error is the difference between the forecast value and what actually occurred. Error can come from a variety of sources. One common source that several forecasters are unaware of its projecting past trends into the future. Errors can be biass error or random errors. Standard error, mean squared error and mean absolute deviation (MAD) are the terms utilized to describe the degree of error. Several commercial forecasting programs are now available. Most are available for micro computers and use shared network databases. You may use a spreadsheet such as Microsoft Excel to create a forecasting program on a PC. Depending on one's knowledge of the spreadsheet, a simple program can be written down.
What is the maximum load the spring may carry: Any close coiled helical spring has mean diameter of 80 mm, has spring constant of 100 kN/m. It contains 10 coils. The maximum s
Explain introduction of Radial Drilling Machine Machine Name: - Radial Drilling Machine Radial Drilling machine is a machine fitted with a rotating cutting tool known as dr
A28) cm diameter pipe carries oil of sp. gr. 0.9 at a velocity of 3 m/s . At another section diameter is 20 cm. find the velocity at this section and also mass rate of flow of oil.
Q. Define Zirconium and its alloys? Zirconium and its alloys were developed primarily for the nuclear industry, but have found many industrial corrosion-resistant applications
Q. Scraper Launchers and Receivers? Scraper launchers and receivers associated with the pipelines shall be located in open, well-ventilated areas with the opening directed away
Have you ever been sit on a flight? Have you ever think how those gigantic machines are developed ? Aerospace engineering is just the place where you require to be. Aerospace engin
PROJECTS
Describe the key terms i. Write two differences between turbine and boiler. ii. Write importance of mollier's diagram iii. Compare the rankine cycle with carnot cycle in k
Mr. Moody has decided to invest at most N$100 000 in securities in the form of corporate stocks. He has classified his options into three groups of stocks: blue-chip stocks that he
A particle is acted upon by a force of constant magnitude which is always perpendicular to the velocity of the particle. The motion of the particle takes place in a plane, then wha
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd