on the importance of forecasting. The presentation would be done along the following lines. * THE MEANING OF FORECASTING * STEPS USED TO DEVELOP A FORECASTING SYSTEM * QUALITATIVE FORECASTING * QUANTITATIVE FORECASTING * BENEFITS OF FORECASTING THE MEANING OF FORECASTING A planning tool that helps management in its attempts to cope with the uncertainty of the future‚ relying mainly on data from the past and present and analysis of trends. Forecasting entails the use of
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People’s ability to handle the soft skills side of business - influencing - Communication - Team management - delegating - appraising - presenting - motivating is now recognized as key to making businesses more profitable and better places to work. A person’s soft skill is an important part of their individual contribution to the success of an organization. Particularly those organizations dealing with customers face-to-face are generally more successful‚ if they train their staff to use
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critical values: 1% level -3.990935 5% level -3.425841 10% level -3.136094 *MacKinnon (1996) one-sided p-values. Augmented Dickey-Fuller Test Equation Dependent Variable: D(TX_SA) Method: Least Squares Date: 12/05/13 Time: 23:58 Sample (adjusted): 1990M03 2013M08 Included observations: 282 after adjustments Variable Coefficient Std. Error t-Statistic Prob. TX_SA(-1)
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Communication‚ June 2008 The Importance of Soft Skills: Education beyond academic knowledge Bernd Schulz Polytechnic of Namibia Abstract This paper makes a survey of the importance of soft skills in students’ lives both at college and after college. It discusses how soft skills complement hard skills‚ which are the technical requirements of a job the student is trained to do. The paper exhorts educators to take special responsibility regarding soft skills‚ because during students’ university time
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FORECASTING IN QUANTITATIVE ANALYSIS I am highly honoured to give a presentation on forecasting. You are all welcome. Every organisation’s success depends on how well it is able to forecast. We will look at the meaning of forecast‚ the steps‚ qualitative and quantitative forecasting and finally the benefits. The Meaning Of Forecasting Forecasting is a process of predicting or estimating the future based on past and present data. Forecasting provides information about the potential future events
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SOFT SKILLS Soft skills is a term often associated with a person’s "EQ" (Emotional Intelligence Quotient)‚ the cluster of personality traits‚ social graces‚ communication‚ language‚ personal habits‚ friendliness‚ and optimism that characterize relationships with other people. Soft skills complement hard skills which are the occupational requirements of a job and many other activities. They are related to feelings‚ emotions‚ insights and (some would say) an ’inner knowing’: i.e. they provide an important
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Qualitative Forecasting Approaches Qualitative forecasting methods are based primarily on human judgement. Quantitative forecasting methods are based primarily on the mathematical modelling of historical data. Here we provide a brief overview of the most important qualitative forecasting approaches. In many environments the time horizon is closely linked to the type of forecasting method used. Longer term and higher level forecasting will often require qualitative forecasting techniques. Such techniques
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Soft Skills Companies look for many different kinds of skills and experience depending on the business it’s in. I believe employers‚ companies‚ and the leaders in my industry of work‚ care about soft skills like writing because they want to see if you’re eligible of the position. Soft skills are referred to personal qualities‚ habits‚ and attitudes that make someone a good employee and a compatible worker. The important thing is to understand why soft skills are important to your career success
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Stimulant drinks are becoming the drinks of choice for many young people‚ and as their popularity rises‚ so do the sales numbers. Terry (2005) clarifies that energy drinks sales over $200 million in 2001‚ which more than doubled year 2000 sales of $130 million. These drinks are heavily marketed to teens as a harmless way to boost energy‚ but in reality they’ve been linked to serious health effects. The sales and consumption should therefore be restricted. 64 First and foremost‚ stimulant drinks often
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Speech: Energy drinks are dangerous Energy drinks are beverages that can be used to supplement energy and concentration. It contains several ingredients‚ some good others bad. They contain ingredients such as caffeine‚ guarana‚ taurine and many more. Usually they are beneficial‚ but when taken in large amounts; some ingredients can cause unwelcome side effects. Many people consume energy drinks for enjoyment and the extra kick of energy for the day‚ but they are not aware of the hidden ingredients
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