What can the forecasting function of a spreadsheet help businesses do?

What can the forecasting function of a spreadsheet help businesses do?
by

1 Answer

Answer :

It can help them to predict what will happen in the future andallow them to plan for that, like investing enough money to keepthem in profit, or stop spending money on something that isn'tworking for them.
by

Related questions

How do I include empty value cells in an average function in Google Spreadsheet?

Description : How do I include empty value cells in an average function in Google Spreadsheet?

Last Answer : I think I figured it out. I’m glad Google spreadsheets obey the laws of math lol.

What is the purpose of the CAGE framework? a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. b) The CAGE framework analyses bilateral differences and commonalities between two countries. c) The CAGE framework is a broad framework to help managers understand the environment in which their business operates. d) The CAGE framework a checklist for forecasting political, economic, strategic or technological factors.

Description : What is the purpose of the CAGE framework? a) The CAGE framework investigates to what extent home demand, home factor conditions and domestic rivalry are important to multinational firms. ... d) The CAGE framework a checklist for forecasting political, economic, strategic or technological factors.

Last Answer : The CAGE framework analyses bilateral differences and commonalities between two countries.

PESTLE analysis is: a) a broad framework to help managers understand the environment in which their business operates. b) a checklist to ask how political, economic, strategic or technological developments can influence an industry and a company. c) a checklist for forecasting political, economic, strategic or technological factors. d) a framework for strategic analysis of internal and external environment

Description : PESTLE analysis is: a) a broad framework to help managers understand the environment in which their business operates. b) a checklist to ask how political, economic, strategic or ... strategic or technological factors. d) a framework for strategic analysis of internal and external environment

Last Answer : a broad framework to help managers understand the environment in which their business operates.

Can Forecasting Help In Controlling Inventory?

Description : Can Forecasting Help In Controlling Inventory?

Last Answer : Yes, through the use of forecasts inventory levels can be set to meet the demands while keeping levels as low as possible.

Can A Computer Help In Forecasting Future Demand?

Description : Can A Computer Help In Forecasting Future Demand?

Last Answer : Yes, In the market today there are many computer software packages that can compute forecasted demand for goods held in inventory.

Tell Me Can Forecasting Help In Controlling Inventory?

Description : Tell Me Can Forecasting Help In Controlling Inventory?

Last Answer : Yes, through the use of forecasts inventory levels can be set to meet the demands while keeping levels as low as possible.

Tell Me Can Forecasting Help In Controlling Inventory?

Description : Tell Me Can Forecasting Help In Controlling Inventory?

Last Answer : Yes, through the use of forecasts inventory levels can be set to meet the demands while keeping levels as low as possible.

Explain Can A Computer Help In Forecasting Future Demand?

Description : Explain Can A Computer Help In Forecasting Future Demand?

Last Answer : Yes, In the market today there are many computer software packages that can compute forecasted demand for goods held in inventory.

Can you help me think through how to set up an excel spreadsheet to create some graphs?

Description : Can you help me think through how to set up an excel spreadsheet to create some graphs?

Last Answer : Excell graph tutor.

I need help with a 2007 Excel spreadsheet?

Description : I need help with a 2007 Excel spreadsheet?

Last Answer : Ctl-F will open a search window in Excel.

Help! I'm trying to write something in an excel spreadsheet and it's showing up below as well...

Description : Help! I'm trying to write something in an excel spreadsheet and it's showing up below as well...

Last Answer : answer:Okay, my answer is gonna get moderated, but this drives me nuts. Every company I've ever worked at, managers all want to use Excel as if it was a word processor. Excel is not a word processor! ... column to become wide), or causing the text to continue to the into the next cell to the right.

Excel spreadsheet help (formulas)

Description : Excel spreadsheet help (formulas)

Last Answer : Which version of excel are you using? In 2010 it has a square root function which is =sqrt(CellNameHere). Also as far as the second problem with the multiplication table can you not just use the cell name for example =$B$1*A2 and then drag it down?

Spreadsheet help with creating a formula?

Description : Spreadsheet help with creating a formula?

Last Answer : Try the spreadsheet in Google Docs. The formulas are super easy to use.

Who is playing a role in weather forecasting ?

Last Answer : Artificial satellites are playing a role in weather forecasting.

What is Demand Forecasting?

Description : What is Demand Forecasting?

Last Answer : Demand forecasting is where a business uses to predict the future demand of customers for a certain product or service. This helps in making efficient financial decisions and will help you plan ahead.

What type of energy is monitored by forecasting future space weather?

Description : What type of energy is monitored by forecasting future space weather?

Last Answer : Need answer

What method is a forecasting method based on the idea that the weather ....?

Description : What method is a forecasting method based on the idea that the weather ....?

Last Answer : Need answer

What is the fashion forecasting for 2018?

Description : What is the fashion forecasting for 2018?

Last Answer : Need answer

What is the definition of demand forecasting?

Description : What is the definition of demand forecasting?

Last Answer : Demand forecasting is when somebody estimates the overall demand on a product or service. This is very important for businesses and investors alike.

May I please have an explanation of financial forecasting?

Description : May I please have an explanation of financial forecasting?

Last Answer : A financial forecaster is a person whose job it is to forecast the financial future of company, country or other institution. This person uses prior financial data to determine probable ... outcome. Financial forecasting is used to estimate whether or not the institution will profit financially.

What is the definition of financial forecasting?

Description : What is the definition of financial forecasting?

Last Answer : Financial forcasting is the prediction of how something will happen. It is also the results of operations and cash flows based on the expected conditions.

Medium range weather forecasting is done for

Description : Medium range weather forecasting is done for

Last Answer : Ans. 3-10 days

What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection, workplace safety or community involvement, called ? (A) Social responsibility (B) Social accounting (C) Social audit (D) Social forecasting

Description : What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection, workplace safety or community involvement, called ? (A) Social responsibility (B) Social accounting (C) Social audit (D) Social forecasting

Last Answer : Answer: Social audit

Air Quality Index is - (1) an air pollutant measuring machine (2) a measuring scale to show quality of air (3) used for measuring humidity level (4) used for forecasting rain

Description : Air Quality Index is - (1) an air pollutant measuring machine (2) a measuring scale to show quality of air (3) used for measuring humidity level (4) used for forecasting rain

Last Answer : (2) a measuring scale to show quality of air Explanation: The AQI is an index for reporting daily air quality. It tells us how clean or polluted our air is, and what associated health effects might be a concern for us.

From HR perspective, the project manager's responsibility in the planning role includes: 1. Hiring the team 2. Developing work schedules3. Forecasting 4. Feedback sessions 5. Both b and c

Description : From HR perspective, the project manager's responsibility in the planning role includes: 1. Hiring the team  2. Developing work schedules 3. Forecasting  4. Feedback sessions  5. Both b and c

Last Answer : 5. Both b and c

Which of the following is an application of NN (Neural Network)? a) Sales forecasting b) Data validation c) Risk management d) All of the mentioned

Description : Which of the following is an application of NN (Neural Network)? a) Sales forecasting b) Data validation c) Risk management d) All of the mentioned

Last Answer : d) All of the mentioned

Which are the application of vector processing: a Weather forecasting b. Artificial intelligence Experts system a 2 Images processing Seismology Gene mapping Aerodynamics All of these i None of

Description : Which are the application of vector processing: a Weather forecasting b. Artificial intelligence Experts system a 2 Images processing Seismology Gene mapping Aerodynamics All of these i None of

Last Answer : All of these

The Management Science Approach, includes A. Computer modelling & simulations B. Mathematical forecasting & projections C. Queuing theory D. All of these options are correct

Description : The Management Science Approach, includes A. Computer modelling & simulations B. Mathematical forecasting & projections C. Queuing theory D. All of these options are correct

Last Answer : All of these options are correct

The Management Science Approach, includes A. Computer modelling & simulations B. Mathematical forecasting & projections C. Queuing theory D. All of these options are correct

Description : The Management Science Approach, includes A. Computer modelling & simulations B. Mathematical forecasting & projections C. Queuing theory D. All of these options are correct

Last Answer : All of these options are correct

Strategic fit can be defined as: a) developing strategies based on opportunities and threats in the external environment. b) forecasting opportunities and threats in the external environmentc) reacting to strategic opportunities and threats in the external environment.d) matching the resources and activities of a firm to the external environment.

Description : Strategic fit can be defined as: a) developing strategies based on opportunities and threats in the external environment. b) forecasting opportunities and threats in the external environment c) ... environment. d) matching the resources and activities of a firm to the external environment.

Last Answer : matching the resources and activities of a firm to the external environment.

Sales forecasting involves 1. Sales planning 2. Sales pricing 3. Distribution Channels 4. Consumer tastes 5. all of these

Description : Sales forecasting involves 1. Sales planning 2. Sales pricing 3. Distribution Channels 4. Consumer tastes 5. all of these

Last Answer : Consumer tastes

Why are marketers interested in the level of disposable income ? 1. it accurately represents future buying power 2. it increases current buying power 3. it is what is left after taxes to buy luxuries with 4. it is a ready source of buying power 5. it is essential for forecasting future business trends

Description : Why are marketers interested in the level of disposable income ? 1. it accurately represents future buying power 2. it increases current buying power 3. it is what is left after taxes to buy ... . it is a ready source of buying power 5. it is essential for forecasting future business trends

Last Answer : it is a ready source of buying power

Demand Analysis includes: A.Demand Forecasting B.Demand Differentials C.Demand Determinations D.All of the above

Description : Demand Analysis includes: A.Demand Forecasting B.Demand Differentials C.Demand Determinations D.All of the above

Last Answer : D.All of the above

Gantt charts are used for streamlining the (A) Inventory control (B) Production schedule (C) Sales forecasting (D) Quality control

Description : Gantt charts are used for streamlining the (A) Inventory control (B) Production schedule (C) Sales forecasting (D) Quality control

Last Answer : (B) Production schedule

Hydrology helps in (A) Predicting maximum flows (B) Deciding the minimum reservoir capacity (C) Forecasting the availability of quantity of water at reservoir site (D) All the above

Description : Hydrology helps in (A) Predicting maximum flows (B) Deciding the minimum reservoir capacity (C) Forecasting the availability of quantity of water at reservoir site (D) All the above

Last Answer : Answer: Option D

What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Last Answer : b. Program evaluation review technique

What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation

Last Answer : b. Program evaluation review technique

What Makes A Good Forecasting Model?

Description : What Makes A Good Forecasting Model?

Last Answer : A good forecast model will have reasonable costs. the accuracy of its forecasts will allow good decision making. The model will have ample data available for its use and a relevant time span. The model finally will have a low interference level.

What Is Forecasting?

Description : What Is Forecasting?

Last Answer : Forecasting is the process of estimating the future demand of a product.

What Types Of Forecasting Can I Do?

Description : What Types Of Forecasting Can I Do?

Last Answer : There are two types of forecasting qualitative and quantitative. Qualitative uses personal opinions to determine forecasts. Quantitative uses numerical data and statistical modeling to determine forecasts.

Tell Us What Makes A Good Forecasting Model?

Description : Tell Us What Makes A Good Forecasting Model?

Last Answer : A good forecast model will have reasonable costs. the accuracy of its forecasts will allow good decision making. The model will have ample data available for its use and a relevant time span. The model finally will have a low interference level.

Tell Me What Types Of Forecasting Can I Do?

Description : Tell Me What Types Of Forecasting Can I Do?

Last Answer : There are two types of forecasting qualitative and quantitative. Qualitative uses personal opinions to determine forecasts. Quantitative uses numerical data and statistical modeling to determine forecasts.

Tell Me What Is Forecasting?

Description : Tell Me What Is Forecasting?

Last Answer : Forecasting is the process of estimating the future demand of a product.

What Is Maintenance Load Forecasting?

Description : What Is Maintenance Load Forecasting?

Last Answer : Maintenance forecasting is a major part of planning concerned with estimating the current and future amount of maintenance work and type needed. Maintenance load forecasting is a complex task that involves a lot of ... the age of the equipment, the rate of use, usage climate, and skills of workers.

Which of the following is an application of NN (Neural Network)? a) Sales forecasting b) Data validation c) Risk management d) All of the mentioned

Description : Which of the following is an application of NN (Neural Network)? a) Sales forecasting b) Data validation c) Risk management d) All of the mentioned

Last Answer : d) All of the mentioned

Which of the following is not one of the five parts to the Situation Analysis: a. Perceptual Map. b. Demand Analysis. c. Capacity Analysis. d. Consumer Report. e. Forecasting Analysis.

Description : Which of the following is not one of the five parts to the Situation Analysis: a. Perceptual Map. b. Demand Analysis. c. Capacity Analysis. d. Consumer Report. e. Forecasting Analysis.

Last Answer : e. Forecasting Analysis.

In forecasting, it is not likely that you will take half of the sales unless a. the product positioning is ideal. b. the product meets the top 2 buying criteria and the price is low. c. the positioning, age and MTBF are superior. d. the price is at the low end of the range and the positioning, age and MTBF are superior.

Description : In forecasting, it is not likely that you will take half of the sales unless a. the product positioning is ideal. b. the product meets the top 2 buying criteria and the price is low. c. the positioning ... d. the price is at the low end of the range and the positioning, age and MTBF are superior.

Last Answer : d. the price is at the low end of the range and the positioning, age and MTBF are superior.

The object of budgetary control is __________ a) Planning b) Forecasting c) organizing d) directing

Description : The object of budgetary control is __________ a) Planning b) Forecasting c) organizing d) directing

Last Answer : a) Planning

The breakeven chart helps the management in… A. Forecasting costs and profits B. Cost control C. Long term planning and growth D. All of the above

Description : The breakeven chart helps the management in… A. Forecasting costs and profits B. Cost control C. Long term planning and growth D. All of the above

Last Answer : D. All of the above

_______ takes place when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties. A. Marketing management B. Forecasting C. Segmentation D. Targeting E. Distribution

Description : _______ takes place when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties. A. Marketing management B. Forecasting C. Segmentation D. Targeting E. Distribution

Last Answer : A. Marketing management