Category: Forecasting

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…

Abstract: Forecasting The term broadly refers to the process of prediction as per the customers 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…

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…

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…

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…

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…

Forecasting is a term used in economics to mean the estimation of the future state or position of a variable or a set of variables. Forecasting normally comes in handy in times of planning and making decisions for the organization about the variables in question. For instance, it could be used in determining the future…

Executive Summary The analysis of sales data of five products (1-5) offers important information regarding their structure, appropriate models of the forecast, and prediction of demand. The attributes of product 1 indicated that it has a cyclical structure without seasonality and trend. Based on these attributes, SMA and SES were suitable models of forecasting. Product…

This paper seeks to examine historical sales revenue data to establish a forecast for 2005 and 2006. The historical data exhibit quarterly seasonality, which will be verified by plotting a scatter diagram of sales revenue against time. This scatter diagram, otherwise called a time series plot, further demonstrates the trend. The trend will be estimated…

Introduction In the recent past the euro has witnessed a relentless decline in value to the lowest point in four years. The decline is associated bailout that was undertaken by governments in the euro zone during the financial crisis. The countries borrowed heavily from their banks to safeguard them from the imminent crumple. The recent…