The phrase "business forecasting" is correct and usable in written English.
It can be used when discussing the process of predicting future trends in a business context, such as sales, revenue, or market conditions.
Example: "Effective business forecasting is essential for making informed strategic decisions."
Alternatives: "commercial forecasting" or "enterprise forecasting".
The curriculum will focus on data analysis and the use of modelling tools for business forecasting.
Executives are making changes in the company's operations and planning that include more frequent business forecasting, and Mr. Immelt is reviewing businesses weekly instead of monthly.
VisiCalc made business forecasting much simpler, allowing individuals to ask "What if" questions about numerical data and get the sort of immediate response that was not even possible for giant corporations using mainframe computer systems.
As an entrepreneur it can also be tough to get business forecasting right; a critical question many ask is what proportion of profits should be reinvested if you want to grow your business?
However, business forecasting continues to rely on judgmental methods despite large advancements in information technology and quantitative method capability, prompting calls for research to help understand the reasons behind this practice.
"The further ahead that you forecast the less meaningful it is in my opinion... in the real world, some people pay on 30 days and some at 90, and the forecast will need amending every week/month". There are specific types of business forecasting software available, such as Sage.
But in the on-line travel business, forecasts have, if anything, proved to be consistently conservative.
At subsequent meetings, management shared with employees the company's dismal business forecast and the limited options available.
Risk didn't become quantifiable until the Renaissance, ushering in such innovations as actuarial tables, long-term business forecasts, and true gambling odds.
James F. Smith, author of the Business Forecast at the University of North Carolina, explains his bullishness by the "middle American" perspective he has gained sitting hundreds of miles from Wall Street.
In November, Genentech presented a long-range business forecast, which was used to justify a value of the company at $112 to $115 a share.
