Understanding Forecast “highline Financial Services, Ltd”Essay Preview: Understanding Forecast “highline Financial Services, Ltd”Report this essayUnderstanding ForecastPatrick Langston IIUniversity of Wisocnson (Parkside)Understanding ForecastForecasts are a basic input in the decision of operations management because they provide information on future demand. Forecast help set the budget, capacity planning, production and inventory, personnel, purchasing, and more. (99999). Forecast are conducted by companies and individuals to try to accurately match future supply with demand. Forecast are not perfect, but good forecast are timely (daily, weekly, yearly, or longer time horizon), precise, dependable, uses meaningful units, is in writing, simple to understand, and cost-effect.
Approaching the Forecast
Forthcoming Forecasts, Ltd
Forthcoming Forecasts, Ltd