In business, a forecast is a prediction or estimation of future events or trends based on historical data, current conditions and analytical tools. It aids decision-makers in preparing for potential ...

Jake Goeckeritz is the Vice President of Marketing at Fishbowl, a company that has been streamlining the inventory process for 20 years. The Yankee catcher was a Hall of Fame player on the field — he ...

The task of forecasting future sales estimates can be a difficult one, even when the forecasters have substantial data from the company's previous sales history to act as a guide. In these instances, ...

1. List the elements of a good forecast. -The forecast should be timely. -The forecast should be accurate. -The forecast should be reliable. -The forecast should be expressed in meaningful units. -The ...

The global value chain covers every business process involved in bringing new products and services to the worldwide marketplace. Forecasting methods allow businesses to anticipate outcomes within ...

This post originally appeared at American Express OpenForum. Whether it's Gap officials determining how many sweaters to stock on their shelves or a local diner making waitstaff decisions, businesses ...

With 2018 around the corner, planning is in full swing for next year’s strategies and budgets. It’s a good opportunity to review what elements to keep in mind when developing your projections. 1.