Forecasting Methods for Management

Part 1 The role and importance of forecasting in management: forecasting and management - an introduction; the need for, and role of, forecasting; what can and cannot be predicted. Part 2 quantitative forecasting methods - introduction to quantitative forecasting methods; smoothing methods; decomposition methods for time-series forecasting; autoregressive/moving average (ARMA) methods; simple regression methods; multiple regression; econometric modeling. Part 3 Forecasting challenges: explaining the past versus predicting the future; judgmental approaches to forecasting; biases and limitations in judgmental methods; monitoring approaches; selecting appropriate and quantitative methods; integrating judgmental and quantitative methods; technological and environmental forecasting. Part 4 Forecasting applications: the use of forecasting in business organizations; forecasting the short term; forecasting the medium term; forecasting the long term; support tools for quanti