Macro-environment analysis - Forecasting - Forecast approaches
3 important questions on Macro-environment analysis - Forecasting - Forecast approaches
What is single-point forecasting?
When organizations have such confidence about the future that they will provide just one forecast number. Implies a great degree of certainty.
Often used for demographic trends.
Often used for demographic trends.
What is range forecasting?
When organizations have less certainty and suggest a range of possible outcomes. Also called "fan charts".
Often used in economic forecasting.
Often used in economic forecasting.
What is alternative futures forecasting?
Involves even less certainty and focuses on a set of possible yet distinct futures, which are discontinuous and have different outcomes.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
