Forecasting Critical Thinkings Samples For Students

Stationarity of a series

These are where the mean, variance and autocorrelation structures in a model do not change over time. It is a stochastic process whose joint distribution in probability does not change even when shifted in time. The statistical properties do not change over time. It shows that the degrees of expectation, third order and the variance do not change in the process of estimation.

Benefits of stationarity of a series

Stationarity a series has several benefits. To begin with, the study of behavior for a certain period under consideration is made easy due to the consistency in the model. In the forecasting of the expected results are more likely to ...

Introduction: The title of my chosen article is forecast failure: How flood warnings came too late for Southern Albertans. The article is authored by Trevor Howell and Matt Mcclure for the Calgary Herald. It was published in the Calgary Herald 2013. The article talks about a flood that occurred in the High River region of South Alberta. The forecasting agencies were late in issuing warnings to the residents of the High River region and, as a result, a lot of damages that could have been avoided occurred. This article is related to the larger topic of how delayed and inaccurate weather forecasts ...

Introduction

Forecasting is an important concept in any business especially in relation to the weather forecast as it prepares the organization on what to do and what to avoid. Forecasting is the process of predicting the near future on the events of occurrence of any prescribed incident and the impact to the business.
Forecasting assists in the decision making of the company for example, if a rainy season is anticipated and the business is specialized in cloth production, and then the business is in a better position to increase its sales of more woolen clothing (Hanke, 2005). The business also is ...

This paper examines existing literature with information regarding forecasting methods in modern corporations. It reviews the views provided in the literature to drawing a conclusion on the different aspects to which they see forecasting methods. We get an in-depth insight into the two broad forms of forecasting methods namely qualitative versus quantitative versions of forecasting.

According to Whaley (2010), forecasting methods are methods used by businesses to foretell specific events that are in-line with the business employing the methods. The forecasting methods will mainly used specific data that pertain to the businesses daily activities, that is past, present and future ...

Priority: High

Re: Reforming Corporate Ethics
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It is a matter of urgent concern that corporate ethics is still not fully followed up to satisfactory levels either due to ignorance of some business people or because they have been taken for granted. By definition, legal environment consists of ethics in business, is the motivation on opinions and ideas on perspective of wrong and right in the business environment entailing virtues and recognizing the governing laws. Business ethics tend to have varied perspective whereby it is associated with developments, corruption and also organisation’s systems. The levels and rate of unethical ...

A job description provides a clear, brief, representation of the duties and requirements for a job. My dream job is being a Financial Analyst with the following jobs description (Mader-Clark, 2013, p. 3).

Financial Analyst Job Description

Job Summary
The job will involve analyzing financial data, forecasting future performance, giving advice to the management on how to drive performance and improve policies (Parker+Lynch, 2015).

Key Responsibilities

The day-to-day responsibilities of the jobholder will include:
Analyzing past and current financial data and performance (Parker+Lynch, 2015)

Preparing reports based on the analysis to support key decision making

Appraising new investment opportunities and giving recommendations to the Board
Exploring various sources of finance and making recommendations on ...

Forces in the External Environment That Have an Impact in the Organization

The Health care organization is considered as an open system the focuses on external relationships. Currently, there are inherent fundamental changes in the practice and the way health care is delivered. This has led professionals and managers in this field to recognize the significance and links between the processes of problem solving and decision- making. The external environment is inclusive of the; social, technological and political trends. It is these external factors that affect the way an organization operates. In this organization, the two key external factors are the demographic and competition influences.
The demographic condition is a significant ...

Vice president’s comments on cost and schedule variance

The concerns of Spokane’s vice president were valid because the cost and schedule variances had gone up between the second and the third month. The total cost variances for all the work packages in the second month were $14,000, a figure that went up $25,000 in the third month, reflecting a -78% surge in the total cost variances. Also, the scheduled variances indicated by the vice president were correct, as it showed that the period between the second and the third month experienced a 45% slippage on schedules. However, the information on the table is not ...

Introduction

Nike Incorporation was formed in 1968 in Oregon. The company is a well known global brand producing footwear products which are designed to satisfy specific athletic uses as well as certain products which can be worn for leisure and casual purposes. The corporation has operations in more than 51 countries and has over 20,000 retail accounts internationally (Nike, 2012). Nike has 16 distribution centers outside United States and in 2011, 57 percent of its total revenue came from its international operations (Annual Report, 2011). Since Nike is a global firm, it has to face a number of challenges which include making ...