Business Forecasting

The information age has brought greater interconnection across the world, and transformed the global marketplace. To remain competitive, business firms look for ways of improving their ability to gauge business and economic conditions around the world. At the same time, advances in technology have revolutionized the way we process information and prepare business and economic forecasts. Secondary data searches, data collection, data entry and analysis, graphical visualization, and reporting can all be accomplished with the help of computers that provide access to information not previously available. Forecasters should therefore learn the techniques and models involved, as applied in this new era. Business Forecasting: A Practical Approach is intended as an applied text for students and practitioners of forecasting who have some background in economics and statistics. The presentation is conceptual in nature with emphasis on rationale, application, and interpretation of the most commonly used forecasting techniques. The goal of this book is to provide students and managers with an overview of a broad range of techniques and an understanding of the strengths and weaknesses of each approach. It is based on the assumption that forecasting skills are best developed and retained by starting with simple models, followed by repeated exposure to real world examples. The book makes extensive use of international examples to amplify concepts.

Business Forecasting: A Practical Approach

Business & Money

Hoshmand, A. Reza

Management & Leadership

Routledge

Statistical Methods for Agricultural Sciences

Science & Math

Mathematics

Timber Pr

Service Leadership offers students, researchers, and leaders a leadership model originating in the service economy - but which is gaining ground in all sectors and industries - explained by experts that were key actors in that origination at DHL International. Designed for undergraduates and graduates but also useful for professionals in leadership positions, Hoshmand and Chung structure the book around the 3Cs of leadership in the service economy: Competence, Character, and Care. It shows how the integration of the 3Cs when applied in combination with each other creates an environment of trust within and outside the organization. Most importantly, it allows the reader to understand how a move from the manufacturing mindset (hierarchical decision making) to a service mindset (collective, qualitative, culturally sensitive) creates an ethical habitat and ecosystem that contributes to a firm's competitiveness and adds value to its brand image. Incorporating elements of leadership literature, philosophy, psychology, sociology, economics, and political science, including cases, and supported by a teaching manual and a full set of slides, this book is ideal core reading for students of service leadership and leadership in the service economy, and valuable to those learning about leadership more broadly.

Service Leadership

Chung, Po

Industries

The globalization of business and the ubiquity of available data in the information age are the driving forces behind the increasing importance of economic forecasting. In order to remain competitive, private and public organizations alike must employ forecasting techniques effectively. Hoshmand emphasizes the application and practical use of such techniques rather than their theoretical grounding. Decision makers and students who have a solid background in economics and statistics will find this book eminently useful. After discussing the role of forecasting in business decisions, the author moves on to smoothing techniques, regression models, and the advanced time series models of Box-Jenkins. Of particular help to practitioners is the concluding chapter on how to communicate forecasts to management.
Forecasting professionals and researchers will benefit greatly from the information presented by Hoshmand, especially in their role as advisors to management. Few forecasters and even fewer managers will have had the luxury to remain fully informed of the new developments in this rapidly expanding field. Meanwhile, the importance of accurate forecasting to every realm of corporate strategy―production, inventory, purchasing, accounting, marketing, finance, and acquisitions decisions, to name a few―has increased exponentially due to the proliferation of data, the heating up of global competition, and the softening of many markets. No one today can afford to remain ignorant of the importance of economic forecasting for business decisions.

Business and Economic Forecasting for the Information Age: A Practical Approach

Economics

Praeger

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Books by Hoshmand, A. Reza