International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


Downloads: 109 | Views: 296

Research Paper | Computer Science & Engineering | Nigeria | Volume 6 Issue 3, March 2017 | Popularity: 6.9 / 10


     

Parameters for the Evaluation and Choice of a Good Computer Based Forecasting Technique

ONU Fergus U. Ph.D, BAAH Barida


Abstract: Many a time, most business organizations, industries and companies fail as a result of the choice their management made regarding things to do, and when to do them. The choices can be beneficial when correct prediction of business conditions were made. Computer-based forecasting systems present themselves as the most appropriate tools for effective prediction of business conditions. This paper critically examines the parameters for the evaluation of various computer-based forecasting techniques to determine and present suitable tools for correct prediction of business conditions to business managers. Data from primary sources were gathered with instruments in a structured questionnaire. The data was analyzed using frequency, percentage ratio and mean to determine a more positive stand on the parameters for the evaluation. The research revealed that parameters like flexibility of forecasting technique, compatibility, time period of forecast and cost benefit of the forecast were useful to determine the choice of a given forecasting technique. When good choice is made, forecasts whether in business, government, economy etcetera will be very reliable and aid well informed amd quality management decision.


Keywords: Parameters, Evaluation, Forecasting Technique, management decision, business conditions


Edition: Volume 6 Issue 3, March 2017


Pages: 2359 - 2364



Make Sure to Disable the Pop-Up Blocker of Web Browser




Text copied to Clipboard!
ONU Fergus U. Ph.D, BAAH Barida, "Parameters for the Evaluation and Choice of a Good Computer Based Forecasting Technique", International Journal of Science and Research (IJSR), Volume 6 Issue 3, March 2017, pp. 2359-2364, https://www.ijsr.net/getabstract.php?paperid=23021702, DOI: https://www.doi.org/10.21275/23021702



Similar Articles

Downloads: 0

Research Paper, Computer Science & Engineering, India, Volume 12 Issue 1, January 2023

Pages: 131 - 141

Enhancing Fashion Image Retrieval with Multi-Modal Query and Zero-Shot Learning for Cross-Domain

Swathy S

Share this Article

Downloads: 0

Research Paper, Computer Science & Engineering, Singapore, Volume 13 Issue 5, May 2024

Pages: 711 - 722

General Multi-Objective Performance Expression for Population-Based Search and Optimization

Eik Fun Khor

Share this Article

Downloads: 1

Research Paper, Computer Science & Engineering, India, Volume 10 Issue 6, June 2021

Pages: 1188 - 1193

Profit Contribution of Bank Customer from Different Business Liabilities

Vinod Desai, Shalini B Ullagaddi, Vittal A Odeyar

Share this Article

Downloads: 1

Research Paper, Computer Science & Engineering, India, Volume 11 Issue 4, April 2022

Pages: 1028 - 1031

Machine Learning Approaches to Ambient Air Quality Prediction

Sweta

Share this Article

Downloads: 1 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Proposals or Synopsis, Computer Science & Engineering, India, Volume 11 Issue 9, September 2022

Pages: 837 - 842

An Optimized IoT-Enabled Big Data Analytics Architecture for Edge-Cloud Computing Using Deep Learning

Bharathi K.

Share this Article
Top