VALUE LINE PUBLISHING‚ OCTOBER 2002 Case Analysis Report Introduction The Retail Building – Supply Industry remains to be going strong despite the slow economic growth in 2002; this is due to low interest rates and strong housing market. This industry with the size of $175 billion is expected to reach $194 billion after five years. In this consolidating industry‚ two key players are dominating: Home Depot‚ which is holding 29% of the market‚ and Lowe’s that has 10.8% market share. Both wanting
Premium Revenue Balance sheet Financial ratios
I. Overview Value Line Publishing is an investment survey firm wherein Carrie Galeotafiore presents a five-year financial forecast that shows Home Depot in a positive light. It also prepares to do the same with an analysis of Lowe’s. Home depot and Lowe’s are merchandising companies which operate in the same market including initiatives aimed at bettering customer service‚ attracting professional customers and creating a more favorable merchandise mix. II. Problems/Opportunities 1. Acquisition
Premium Marketing Strategic management Management
Accuracy and Bias In general‚ a set of forecasts will be considered to be accurate if the forecast errors‚ that is‚ the set of et values which results from the forecasts‚ are sufficiently small. The next section presents statistics based on the forecast errors‚ which can be used to measure forecast accuracy. In thinking about forecast accuracy‚ it is important to bear in mind the distinction between error and noise. While related‚ they are not the same thing. Noise in the demand data is real and
Premium Errors and residuals in statistics Arithmetic mean Linear regression
techniques. It uses personal observations. Steps in Forecasting Procedure‚ stages or general steps involved in forecasting are given below:- Analysing and understanding the problem: The manager must first identify the real problem for which the forecast is to be made. This will help the manager to fix the scope of forecasting. Developing sound foundation: The management can develop a sound foundation‚ for the future after considering available information‚ experience‚ type of business‚ and the rate
Premium Forecasting
Global Military IT‚ Data and Computing Market 2014-2024 – Country Analysis: Market Profile”. This report offers detailed analysis of the global Military IT‚ Data and Computing market over the next ten years‚ and provides extensive market size forecasts by country and sub sector. It covers the key technological and market trends in the Military IT‚ Data and Computing market. Summary "The Global Military IT‚ Data and Computing Market 2014-2024 - Country Analysis: Market Profile" provides details
Premium Information security Marketing Computer
techniques‚ culminating in a final forecast that is the consensus of all participating managers. False (Global company profile: Tupperware Corporation‚ moderate) 2. The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product. True (What is forecasting? moderate) 3. Sales forecasts are an input to financial planning‚ while demand forecasts impact human resource decisions. True (Types of forecasts‚ moderate) 4. Forecasts of individual products tend
Premium Management Strategic management Marketing
series analysis provides tools for selecting a model that can be used to forecast of future events. Time series models are based on the assumption that all information needed to generate a forecast is contained in the time series of data. The forecaster looks for patterns in the data and tries to obtain a forecast by projecting that pattern into the future. A forecasting method is a (numerical) procedure for generating a forecast. When such methods are not based upon an underlying statistical model
Premium Time series Time series analysis Moving average
developed independent electricity demand forecasts on a consistent basis for the five National Electricity Market (NEM) regions‚ namely New South Wales (including the Australian Capital Territory)‚ Queensland‚ South Australia‚ Tasmania‚ and Victoria. National Electricity Forecasting represents a package of information papers and reports that document the input data‚ assumptions‚ and methodology used to develop a set of annual energy and maximum demand forecasts for the NEM‚ ensuring an open and transparent
Premium Electric power transmission Electricity distribution Efficient energy use
E-mail : lkangsan@iems.co.kr Demand Forecasting. [Other Resource] Definition. ․ An estimate of future demand. ․ A forecast can be determined by mathematical means using historical‚ it can be created subjectively by using estimates from informal sources‚ or it can represent a combination of both techniques. - 2 - Demand Forecasting. [Other Resource] Why Forecast ? ․ To plan for the future by reducing uncertainty. ․ To anticipate and manage change. ․ To increase communication and
Premium Time series analysis Moving average Forecasting
events -important bc it drives all other business decisions (forecasting drives the plan‚ plan is made due to forecast) -poor forecasting can lead to loss of sales of increase costs. Leave company unprepared forecasting is an ongoing process that is always changing as new information and data become available. 2) Planning- selecting actions in anticipation for the forecast. 1) scheduling existing resources- use resources in the most efficient way possible 2) determining future resource
Premium Forecasting Planning