Question: Why do computerized forecasting models play such an important role in corporate management?

Why do computerized forecasting models play such an important role in corporate management?

Step by Step Solution

★★★★★

3.41 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Computerized forecasting models play a significant role in corporate management due to several reasons 1 Accuracy and reliability Computerized forecasting models utilize advanced algorithms and statis... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Financial Management Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...

1. How does the parent Kersh brand tap into the self-views of the consumers? 2. Why does the fashion industry play such an important role in actual and ideal selves? Is this a positive aspect of the...

Why are computerized forecasting models playing an increasingly important role in corporate management?

Why are computerized planning models playing an increasingly important role in corporate management?

CASE STUDY - AIR ASIA AirAsia is one of the leading airlines corporation of Malaysia that performed exceedingly well in terms of its past investments and the profits that it made out of it after it's...

Explain how supply chain management activities play an increasingly important role in corporate sustainability. In your answer include some themes and their relationship to supply chain management....

What Makes a Follower? William E. Rosenbach, Thane S. Pittman and Earl H. Potter III Much about the nature of leadership has changed over the years, as many of the chapters of this book describe. And...

Supply Chain Planning Supply Chain Planning (SOP) is a forward-looking inventory management mechanism designed to automate supply distribution by suppliers to consumers, to align supply and demand...

1. Explain what distinguishes governmental not-for-profit organizations organizations. Why is such a distinction necessary? from nongovernmental, not-for-profit 2. Distinguish between accountability...

Now that you have an understanding of the due process and knowledge-based economies, answer the following questions: a. Persuasively give your perspective on the due process on college campuses...

Which of the following types of securities is referred to as a hytorid security? Preferied stock Cerporste bent Founder' thams foreign equaty Growth stock

The following schedule summarizes the components of shareholders equity reported in the year-end balance sheets of Nuclear Holdings and Hellmorgen: Nuclear Holdings Hellmorgen (Dollars in millions)...

Some liability and net worth items increase spontaneously with increases in sales. Put a check (??) by those items listed below that typically increasespontaneously: Mortgage bonds Common stock...

The following equation is sometimes used to forecast financial requirements: AFN = (A0*/S0) (S) (L0*/S0) (S) MS1 (1 POR) What key assumption do we make when using this equation? Under what...

Home Furniture paid $95 for a lamp. Expenses are 19% of selling price and the required profit is 24% of selling price. Round ALL answers to the nearest cent if applicable. 1) What is the regular...

What is the present value of a 4-year debt whose future value is $5,810 if the loan has an annual rate of 4.8% with continuous compounding?

A company provided the following direct materials cost information. Compute the cost variance. Standard costs assigned: Direct materials standard cost (425,000 units @ $5 / unit) $2,125,000 Actual...