Accounting

Forecasting

Forecasting is the scientific method of predicting future trends, demands, or behaviors based on historical data, current trends, and analytical models. This discipline is essential across various fields such as economics, business, meteorology, and supply chain management. Students will learn to use statistical tools and models to make informed predictions, understand the principles of time series analysis, discern different forecasting methods, evaluate forecast accuracy, and apply these techniques to real-world problems for strategic decision-making.