Economic Forecasting ECO/372 August 20‚ 2013 Robert Stack ECONOMIC FORECASTING The study of macroeconomics demonstrates how individuals purchase‚ sell‚ and use raw materials to drive the economy around the globe. A useful source of data could be attained from the International Monetary Fund (IMF) where a person could gather current or historic data. After the collection of the data a researcher could utilize the International Monetary Funds website to see a forecast of any certain
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INTRODUCTION 1.1 INDUSTRIALISATION: Industrialization is the process of social and economic change whereby a human group is transformed from a pre-industrial society intro an industrial one. It is a part of a wider modernization process‚ where social change and economic development are closely related with technological innovation‚ particularly with the development of large-scale energy and metallurgy production. It is the extensive organization of an economy for the purpose of manufacturing
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Second difference 13 Forecast based on ARIMA (0‚ 1‚ 4) model 13 Return the seasonal factors for forecasting 14 Part 4. Discussion of different methods and the results 15 Comparison of different methods in terms of time series plot 15 Comparison of different models in terms of error 17 Assumptions and the discussion on the sensitivity of assumptions 18 Conclusion 18 Business Forecasting Coursework Introduction The data of this coursework were drawn from the UK national statistics.
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The FMCG sector seems to have finally joined India Inc’s growth party by posting surprising double-digit growth in sales in the past couple of years. With annual revenues of Rs 72‚000 crore‚ it is the one of the largest sectors in the Indian economy. The industry’s future prospects look bright‚ considering rising household incomes and the spread of modern retail. However‚ the per capita income level in India is still very low compared to the developed world. Besides‚ the penetration level of many
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An Assignment On Forecasting Submitted To Dr. Tophan Patra Submitted By Kumail Murtaza MBA AVM SEM III R250211021 College of Management and Economic Studies (CMES) University of Petroleum and Energy Studies Dehradun‚ India Exponential Smoothing Class Values Ft+1 = α.Xt + (1- α).Ft ----------------------------------- Eqn 1 Ft+1----- Forecasted Value of the next period “t+1” α------- Smoothing Factor/Coefficient Xt------- Actual Value
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reliable protection against gum problems and bleeding and has remained the category leader as it is a unique product in its category. The brand arose out of a need for gum care and a solution to gum related problems. Apparently with the changing demands and evolving customers Pepsodent Gumcare has been replaced by the very recent Pepsodent Herbal‚ with herbal ingredients and a fresh look. In 2003‚ Close – Up 2 – in -1 was re-launched as Pepsodent 2-in-1. Its unique point is that it has mouthwash
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focus of FMCG sector ( market ). The Fast Moving Consumer Goods (FMCG) sector is a corner stone of the Indian economy. This sector touches every aspect of human life. This sector is excited about the rural population whose incomes are rising and the lifestyles are changing. There are as many middle income households in the rural areas as there are in the urban. Thus the rural marketing has been growing steadily over the years and is now bigger than the urban market for FMCGs. Globally‚ the FMCG sector
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Obermeyer Case Study Considering all the factors estimated in the case‚ the current problems are how to forecast the future demand with limited uncertainty as well as would that be too risky if increasing production in China due to China’s larger minimum order requirement and intense trade relationship with US. To solve those problems‚ we can first lay out what information and conditions we have: The minimum order quantity is 600 in Hong Kong and 1200 in China. The average cost of producing in
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Marketing Strategies in FMCG Industry [Author’s Name] [Institution’s Name] Marketing Strategies in FMCG Industry Chapter Two: Literature Review Over the years‚ distinct analytical methods have been evolved to optimize effectiveness in marketing consumer goods; although these methods have resided in silos (Aaker‚ 2002). Given that finally the source of the most important allowances is financial allowance‚ a holistic analytical structure that embraces this control and esteem is needed. This
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Role of FMCG companies in the rural sector Abstract The Fast Moving Consumer Goods (FMCG) sector is a corner stone of the Indian economy. This sector touches every aspect of human life. The FMCG producers now realize that there is a lot of opportunity for them to enter into the rural market. The sector is excited about the rural population whose incomes are rising and the lifestyles are changing. There are as many middle income households in the rural areas as there are in the urban. Thus
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