Forecasting Research Papers Samples For Students

Risk identification is the process of identifying risks that could affect the project and documenting their characteristics. Risk identification is performed by the project team members and experts in risk management; it can be participated by customers, project participants and experts in certain areas. It is an iterative process, because as the project progresses through its life cycle can be detected new risks. The frequency composition of the iteration, and each execution cycle in each case may be different. The identification process should involve members of the project team so that they develop a sense of ownership and responsibility for ...

Abstract:

Forecasting is an important aspect in airline industry that enables airlines to manage airport operations effectively. The enhanced competition forces airlines to decrease the price and high load factors allow charging high fares. In managing all such factors forecasting plays immense role. Air cargo is the most energy intensive transportation mode and in order to keep the prices lower accurate forecasting is important. Predicting an exact level of activity for particular future time is challenging, accurate forecasting enables airports to develop their full potential therefore different demand forecasting techniques have been developed. Ti has been encountered that due to ...

- INTRODUCTORY REMARKS
The main objective of every organization is to become competent and economically prosper and inevitably, every organization requires analyzing different things from different standpoints and every standpoint is important for the company. Unfortunately, there is no single definition of the term ‘Organization’ exists in this world, because every author has had defined the concept in somewhat different manner.
When it comes to managing the things, then every department will come under the nose of management. If the definition of organizations depends upon the fact that organization is a place where in different departments work together ...

- Introduction
Oil production and prices in US have been experiencing fluctuation for a long period and there is a need to identify whether the production has a significant effect on oil prices for the period from 1986 to 2005. This analysis could be of interest to the energy administration commission and the government for the purpose of planning for oil price control as well as for the purpose of planning investment in infrastructure for oil production. (Bp, 2013)
This will involve testing whether there is a relationship between the variables as well as establishing the nature of such relationship. To ...

Forecasting is the prediction of future events. This paper aims at discussing in details three qualitative forecasting techniques. The paper will also examine various advantages and disadvantages of each qualitative method discussed in this paper. The three qualitative methods which are to be discussed here include survey of customer’s intention, Delphi method and sales forecast method.

Informed opinion and judgment

Here forecasting is done by an individual through his/her own informed opinion. This implies that the validity of the forecast will entirely depends on the ability of the individual to make accurate judgment. This method is highly subjective hence it is prone ...

Human resource process involves a process that human resource managers follow in determining the required staff in order to meet customer demand and the organizational needs. Traditionally, organizations used Human Resource Planning (HRP) to make sure that employees got the right job, and at the right time. Initially, the conditions were certain and relatively stable. This is why organizations focused on management concerns that were short term. However, today there is a lot of instability, technological change, increased competition, and demographic shifts, which are necessitating for changes in Human Resource Planning. Therefore, HRP has become the responsibility of human resource line ...

INTRODUCTION

Service organizations face a challenge in terms of managing demand and capacity. Revenue management (also known as yield management) is a technique designed to address that challenge. Mudie and Pirrie, define revenue management as ‘provision of the right service to the right customer at the right time for the right price’ (164). Therefore, revenue management is a technique used to determine the optimal price of products generated by sale. It involves detailed forecasting of demand behavior and sophisticated mathematical modeling. There exists a strong relation between revenue management and marketing. Since, revenue management is responsible for demand control, including setting rate and availability controls, ...

Executive Summary

Nike has been a world-class manufacturer of sports footwear and apparel for the past few decades. With immense marketing campaigns and celebrity endorsements, Nike has been able to establish a strong public image. With operations in more than 30 countries, Nike is truly a global operator. Most of these operations are concentrated in the developing countries – mainly Asia.
However, the last few decades have seen a tarnishing of this giant’s reputation. Beginning with the labor practices issue in Nike’s Third world countries sweatshops to an inappropriately responding forecasting and ordering software, Nike has had its share of international problems all resulting ...

Introduction

The issue with blood donation in Canada, as well as around the world, is that the supply of blood peaks during times of crisis when the need for blood is at the forefront of the public’s attention. This often outpaces the demand and goes to waste due to the small shelf life of blood. There is a steady demand for blood donation year-round and is often under-supplied. Should Canada use a monetary incentive to improve the supply and demand imbalance for blood donation?Blood Donation In Canada Canadian Blood Services (CBS) looks after the blood donation efforts within all Canadian provinces. ...

Interpreting Market Trends

Data on various market factors will need to be collected for identification of their effect on demand of vehicles in the Australian market. Those factors are summarized as follows

Disposable income is the level of income that households can spend for their consumer purposes. It is the income after taxation whose level determines the income that consumers have at their disposal. In that respect, it is determined by employment level within an economy.

Purchasing power: Price index/inflation:

Purchasing power refers to the ability that the income held has in buying goods and services. The change in purchasing power determines the quantity of goods ...

Abstract

Econometrics analysis is crucial in developing models that are useful in estimating economic variables. However, development of suitable models is crucial in ensuring that their forecasts are accurate. That involves applying suitable model estimation techniques as well as testing for the estimated parameters’ significance. This study applies multiple regressions to analyze the determinants’ of CPI in United Arab Emirates considering the economy’s data for 30 years with an objective of establishing those factors that have a significant effect on CPI. In that respect, the study analyzes five variables including GDP per capita growth (annual %), Money and Quasi money (M2) ...

Abstract

The Geographic Information Systems (GIS) is technological programming that gathers, accumulates, and evaluates data related to the earth’s surface. GIS interprets set of data on a single map, which is evaluated and interpreted subsequently. Over the years, the integration of the technology with the principles of Transportation Economics gained a significant attention of numerable economies. Particularly the metropolitan cities of developed countries that encounter various challenges related to the development and maintenance of infrastructure. It was found that GIS allows the Transportation Economists to develop and propose an efficient plan related to different routes and their smart integration. ...

Introduction

The organization is looking at establishing the new reception and distribution operation for the finished goods, produced outside the domestic market. The market complexity, costs and operational efficiency in downstream logistics are critical to the success of the new venture. Importantly, the recommended warehousing operation should take into account the geographical spread of the customer base to the West Coast and Northeast of the United States as well as Canada. The purpose of this document is to present a preliminary analysis of the market trends, associated with the warehousing activities for similar operations and provides the recommendation, which would ...

Abstract

Regression analysis is the statistical technique commonly used in econometric modeling and carrying out economic forecasts. This study sought to assess the precision multiple linear regression in evaluating the evolution in real GDP per capita in the USA between 1998 and 2011 using expenditure approach. Three macroeconomic variables were used; Gross domestic product, net investment and final consumption. Net investment and final consumption are model regressors predicting GDP. The researcher used MS Excel to carry out all the statistical analysis on the data. The analysis result shows weak linear development GDP increment. Small fluctuations were observed around the fitted ...

Abstract

Budgeting has always and continues to play a crucial role in business planning. That is given its application is estimation of the future performance parameters. With that, the discussion explains the relation between the profit planning and the budgeting process. For that, budgeting has been identified as the basis of the estimates used not only in profit planning but also in business planning. Also, several benefits have been identified regarding the business planning and budgeting including that they form the key reference for the performance evaluation. Further, the discussion explains the role of a controllers regarding the reporting to ...

International Monetary System  

Introduction
The exchange rate has a significant impact on foreign trade of the country, because the competitiveness of country’s products on world markets largely depends on the level of exchange rate. The exchange rate affects the direction of international capital flows. The decision about investing of the national capital in assets of any country is taken on the basis of the expected real return on invested capital, which depends on the interest rate and the expected changes in the exchange rate (Brigham and Houston, 2011).
The currency parity is at the heart rates of convertible currencies. However, the ...

Introduction to General Electric Company

The General Electric Company is a multinational corporation with operations across more than 170 countries (Welch & Byrne, 2001). The company deals in the design and production of various electric equipment including motors, engines, and power generators among other products. GE has been in operation for more than a century and over the years, the MNC has accumulated experience in power generation, lighting, and other activities and this makes it one of the greatest industrial companies across the globe. In its 2015 release of financial report, the company branded itself as a digital industrial company pointing to the increased innovation ...

- Customer Relationship Management is a very important system for companies that have to keep in constant contact with the customers. Customer relationship management is about managing the interactions with the customers in order to retain them and provide them with valuable experience. Marriot Hotel has recently implemented a CRM system for advance group bookings and streamlines operations. It is also done to make the operations more efficient and eliminating any kind of waste from these processes (Information Week, 2001).
Marriot is using the Siebel Systems package and has given the software to 2000 sales people. The CRM system was ...

Management Information Systems

Part I
- Why did Levi's consider selling their jeans at Wal-Mart?
Levis decided to sell their jeans at Wal-Mart to reach the new target customers – kids and their families. Most of the shopping for kids is done by mothers who frequently shop at Wal-mart store. Levis introduced less expensive Signature jeans line that was designed for the new target customers. These jeans for men, women and kids are priced at $23, have fewer detailed finishes than the other product lines, and they do not bear the trademark on the pocket . The company believes that the new ...

The Tri-State Tornado of March 18, 1925

Introduction
The Tri-State tornado of 18th march 1925 is the deadliest in the United States history. The tornado travelled from southeastern Missouri through southern Illinois and then into southwest Indiana . The storm destroyed a number of towns completely causing about 695 deaths. The tornado started about one p.m. local time in Ellington. The weather was normal, and the residents were continuing their normal business as usual. The practice of tornado forecasting was not there, and the use of the word ‘tornado’ had been banned from the United States forecasts since the late 19th century .
The storm moved so ...

Abstract

The research within this study examines the underlying influences that propel consumers to use international airline travel. With much of the previous studies focusing on economic principles, this investigation seeks to determine the value that the inclusion of social data has on the travel desire. The underlying concept of this study is to explore common economic influences and combine this understanding with the social and emotional drivers that serve to sustain the effort. Using a combination of case study and academic, peer related material this paper will assess the past, current and future potential in a direct effort to construct a reasonable ...

Over the years the PRC existence, the country's banking system passed a difficult and contradictory path of development, reflecting the peculiarities of the economic policy pursued by the state at a particular stage. In the late 70-ies of the last century in China economic and social reform was launched in order to create a model of “socialism with Chinese specifics” which would combine the primacy of market principles and effective macro control of the administering state agencies. In the process of creation of this model, an important role is given to China's banking system, as it is an institution, ...

How costs can be used to mitigate risk

Transportation business involves several risks associated with costs. Inaccurate determination of costs of transportation may lead to the risk of inappropriate pricing. When the price set is lower than the actual cost, the firm will run at a loss. A transportation company must, therefore, consider economic, accounting and social costs in its decisions.

Accounting costs

Accounting cost is the money value of resources utilised in performing an activity (Coyle, Bardi & Novack, 2011). These costs lead to actual cash outflows from the firm. In a transportation business, accounting costs include the cost of fuel, drivers’ salaries, and wear and tear among other ...

Supply Chain Management (SCM) or supply chain management - a term that became commonly used only recently. This concept is voluminous and includes specific definitions, such as ECR (Efficient Customer Response) and DRP (Distribution Resource Planning). Actually, the SCM implies no simple definition, and the new strategy of the company. SCM refers to the formation of this sales network, in which the right products are delivered at the right place at the right time at the lowest cost. SCM aims at the establishment of optimal communication channels with distributors and final customers of ready-to-sell products. Its particular purposes are:
...

Financial ratios are an important indicator regarding the financial health of a firm. They can indicate the profitability, liquidity as well as solvency for a company. This is the reason why it finds different kind of audience and in a large scale.
The major groups which use financial ratios are the company management, the Board of Directors, the shareholders, market participants at large, rating and research agencies, and also to by regulators and auditors (Macs Accounting Dictionary).
The management of a firm are concerned about specific ratios which explain the operating and financial performance of a firm for a ...

IMF Role and its Determination in Exchange Rate Variation

It is imperative to appreciate that managers need to understand how exchange-rate changes impact on business decisions and the different operations that are carried out in an organization. Moreover, it is also important to appreciate the meaning of exchange rate as the cumulative number of units that one currency is exchanged for another. It is for this significant reason that administrators of any organization need to understand the different issues that are taken into consideration by the government in setting the exchange rate and factors behind the exchange rate variation so as to anticipate effectively for the change. The ...

Introduction

In the hotel sector, “Revenue Management” refers to the numerous systems put in place to set up room rates for their benefit. Conventionally, revenue management (RM) is essential in providing direction to hotels rooms’ allocation to the demand with the aim of maximizing profits. While revenue management is still a relatively new concept, it has been effective in helping the hotel managers to maximize profits (Haley and Inge, 2004).

Why Measure Revenue Maximization?

Measuring revenue maximization is critical because it acts as an indicator as to how the hotel is performing. Since the very first days of RM, it has been credited with ...

In the globalizing world within the new economic competitive environment, enterprises increasingly turn to outsourcing of logistic operations. Outsourcing in logistic becomes an effective business strategy, allowing transferring the field specific functions to outsourcers . This process enables the efficient usage of resources giving a chance to the company to concentrate on particular tasks and functions. Experts estimate the approximate volume of the US logistic outsourcing services around $80-90 billion . Despite an ever-increasing significance of the outsourcing operations, the strategic component of this type of business is not sufficiently researched. The scale of outsourcing operations can hardly be adequately estimated. ...

For the aircraft manufacturers, forecasting the air travel demand is very important for the range of economic decisions, R&D, modification of the design and the production planning.
For the Boeing, the forecast for Air travel is done by matching the top-down and bottom-up analysis. The bottom-up analysis is used forecast the air traffic by connecting the domestic routes, which are too based on the several economic parameters, growth perspective, trends, route attractiveness, and various regulations. In addition to these, the government statistics about the incoming and the outgoing passengers are used to confirm the trend validity. On the other ...

Abstract

The paper gives an account of the importance of accounting. It provides information about the increasing importance of accounting in the recent years and the entities that pay attention to the information provided by the accounting system. The paper also describes about how each party makes use of accounting and its role in the process of decision-making. It also explains the need for recording and analyzing the transactions through the accounting system. Most importantly, the paper asserts the importance of accounting in assessing the performance of firms. The paper also provides a great deal of information about the role of ...

Introduction

For numerous decades, oil has been an important source of the commercial energy throughout the world. The oil industry has always been a vitally crucial industry due to its contribution to the global economy. For this reason, oil is in high demand at all times. Just like the other commodities, the price of oil is determined by the market forces of supply and demand. The oil price fluctuations greatly affect the national economies differently. For instance, while the net exporters of oil suffer economically when the prices decline, the economies of the net importers benefit. Consequently, as one of the ...

This Paper was prepared for_________ taught by___________

Introduction. Financial management is vital for organizations of any type, size and ownership form. This paper discusses the key areas for an organization financial function and analyzes financial controls to be implemented to ensure sound financial management.
Financial function of the organization. ICAEW (2011) defines financial management as a responsibility for core process activities - accounting, financial information processing, tax management, financial controls and treasury, performance of which contributes to organizational success and meeting short- and long term organization objectives. COSO (2013) distinguishes between three categories of objectives each of which is relevant for all specific finance function and ...

Return on investments

This metric measures the amount of revenue that a particular marketing campaign adopted by Heineken in different market regions and segment generates (Heineken, 2014). Venturing in to emerging markets has far higher implications. In 2011, the Middle East, Asia pacific Latin America and Africa accounted for 43% of the total volumes of the company compared to the 2006 21% volumes. This clearly implies that there is greater potential for excellence in these new markets. As such, the return on investment is high. This should be compared to the cost of running the campaign in order to determine if the campaign ...

Forecasting is the act of making predictions. It is a critical element in decision making and serves the purpose of reducing the risk in decision making to reduce unexpected cost. The time series models are the best techniques to use when calculating fuel prices. According to Beasley (2010), time series can be defined as a collection of data that is recorded over a certain time frame which can be weekly, monthly, and so on. A time series model has four components; the trend, seasonal variation, the cyclical variation, and the irregular variation. The trend includes sales, stock prices, as well as other ...

Introduction

In the past decade business conditions, increasing pressure of international economic and social environment as well as internal complexity of the companies determined greater focus on Human Resource Management (HRM) agendas and strategies. Human capital and internal expertise developed by organizations help companies not only to offer a competitive edge but to invest in sustainable organizational growth with a high level of core and unique capabilities. Latest developments in the HRM field demonstrate that effective planning, recruitment and training and development programs can make a significant contribution to the cost-focused strategies and increase operational and commercial productivity of the organizations (Millmore, 2007).
...

Abstract

In May 2013 – like 1999 and previous disasters – many people were killed by tornadoes, apart from hundreds being injured and a lot of property being destroyed in Oklahoma. Despite being a yearly event, the government has not made any progress in the way of controlling these disasters, due to the difficulty of predicting them. From the effects of the disasters, the government has remained reactive, and this led to the conclusion that it should declare the area inhabitable. This is likely the best solution to the problem, because the death, injury and the destruction of property is massive, and the people ...

Introduction: 3

Conclusion 8

References: 8

Introduction:
Supply chain management is a concept that combines the art and science of enhancing the way companies find the raw materials required for creating a product or service. Along with that, SCM uses these features to deliver a high quality product to the clients. SCM is composed of the following five basic elements:
1.1. Plan— As a strategic part of supply chain, businesses must have a strategy in place to manage every available resource that is used to satisfy client needs. A major part of its planning involves the development of a series of metrics for monitoring the supply chain ...

This paper looks at the existing technology and how with time they have or will impact on the way people do their daily activities. IT has been implemented in many sectors of the economy. Because of the internet and other sources of information there are massive applications and technologies that can be acquired and implemented. Some of the technologies that will be researched in this paper include the existing communication technology, simulation of the real world, QR readers, cloud computing, mobile computing, social media and computer network. There has been IT technological advancement in specific areas such as the ...

Cluster Analysis

Cluster analysis is one of the crucial techniques undertaken by business organizations for the purpose of analyzing the trends and characteristics of a marketplace. Cluster analysis is the process in which different cases or observations, and entities that are having homogeneous characteristics are undertaken in a group. This group is called as cluster. All the entities included in a cluster show similar trends and activities, while dissimilarities in two different clusters can be traced quite easily. This cluster analysis is useful for companies, as it reduces the workload of conducting marketing research. Through this measure, rather than observing individual customers, the company ...

Managerial and financial accountants perform the accounting functions in the organization. Accounting entails the allocation, management, reporting and disbursement of funds and finances within the organization. In modern management the role of accounting cannot be ignored. Accountants play a fundamental role that in the end determines the efficiency and successful operations of the organization. The paper shall examine the roles and functions of managerial and financial accountants.
Managerial accountants are in-charge of budgeting, forecasting, allocation and regulation of finances within the organization. In that context, managerial accountants see to it that organizational finances are well distributed and allocated in ...

Introduction

Domino pizza is a well known brand based in United States where it has a wider reach in operations. The business is the subject of this analysis where demand analysis and forecasting is used to evaluate the suitability of the business venturing in Bowie, MD. The analysis is done by collecting market data on the independent and dependent variables, calculating the regression models and the coefficient of determination whose interpretation together with the test for the regression and the variables are used as a basis of the decision. The analysis also forecasts the market demand for pizza in the region for the ...

Restaurant business has become popular with businesses involved increasingly seeking to develop unique concepts as a way of differentiating their brands and delivering value through excellent service and foods wrapped around themes that their markets can identify with. In this respect, this analysis seeks to utilize secondary data to compare two restaurant brands; Outback Steakhouse and Longhorn steakhouse by identifying their various components including their missions, concepts, design, locations, menu and equipment/flow design as well as food purchasing systems. In addition, the analysis compares their restaurants’ managements in terms of leadership and management, revenue analysis and performance management. The analysis ...

The current global business characterized by complexities in the conduct of business and increased competitiveness, strategic management has taken the centre stage for majority of the global organizations. Organizations have realized the need for achievement of a competitive advantage in the global market as the only survival tactic in the competitive global business environment. Strategic management has been identified as the most appropriate means through which organizations can achieve competitive advantage. United Parcel Service (UPS) is a multinational corporation providing logistics services, through delivery of products to more than 200 countries in the globe. It has been approximated that the organization ...

Research Paper Outline

- Introduction
- Research Question
- Technology and The Air Transport
- Advanced Air Traffic Control Systems
- Collision Avoidance and Traffic Alerts Systems
- Online Reservation and Booking Systems
- Social Media
- Technology in the Rail Transport
- Positive Train Control
- Trip Optimizer Technology
- Real-time Train Information System
- Technology and The Maritime Transportation
- Ship Motion Monitoring, Forecasting and Decision Support
- Marine Automation System
- Oil Mist Detection Systems
- Technology and Truck Transportation
- Global Positioning ...

Advice on how to prepare forecasts for a new fashion boutique for women.

Financial planning and forecasting is a continuous process that assist in allocation and directing business finances in order to meet the vision and goals of business (Lee, 2009). In this new business, Tina needs to have a budget, either in a budgeted financial statement form, or a Pro Forma (Wahlen et al, 2011). There is need for a consideration on the demand and sales forecasts, and other estimates that support the financial plan. There is need for planning on financing the boutique, and for operating the new business.

The first step, therefore, would be to have a strategic plan. This involves a connection of the intended ...

STRENGTHS, WEAKNESS, OPPORTUNITIES AND THREAT ANALYSIS

This paper will present a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, regarding the student’s personal strategic plan, to earn the Doctor of Business Administration (DBA) degree. Towards the end of this paper, the student will be able to analyze his or her academic strengths, academic weaknesses, opportunities for achieving your goals, and threats to achieve the set goal. The preparation of the SWOT analysis will help the students to create an effective strategy on how to manage the workload and demands of the program.

SWOT Analysis

Strengths and Opportunities

DBA is more on applied research studies rather than theoretical research.
...

Introduction

A Multinational Corporation is an enterprise that manages goods and services production and delivery to more than one country. The MNCs have their headquarters in one country known as the home country while the other countries where it operates are known as the host countries. There are several Multinational Corporations that exist in several sectors of the economy involved in the production of different commodities. Some Multinational Corporations have huge GDPs that exceed that of most developing countries. Multinational Corporations have been very instrumental in the promotion of globalization. In this research paper we are going to consider General ...

Abstract

A marketing research for the Hamilton’s Health Inc. elliptical needs to be carried out within two weeks to determine the forecast figures to be used by the production department. This paper seeks to determine the information that can be developed from the research, the type of marketing research to be employed and an evaluation of the accuracy of the information obtained.

Information that can be developed

Information about the market size for the elliptical can be developed within the two week time frame. From published items about the usage of the elliptical in the target market and by the use of information obtained ...