National Open University of Nigeria
14-16 Ahmadu Bello Way, Victoria Island Lagos
School of Management Science
March/April
2014 Examination
COURSE CODE: ENT330
COURSE TITTLE:BUSINESS FORECASTING
TIME ALLOWED: 2hrs
Instructions: ANSWER QUESTION 1 AND ANY OTHER 2 QUESTIONS
Q1 ISCOMPULSORY AND CARRIES 30MARKS WHILE OTHER 2 CARIIES 20MARKS EACH
PRESENT ALL YOUR POINTS IN COHERENT AND ORDERLY MANNER
1a. identify and briefly explain the 4 component of time
series.
b. consider the data given bellow
YEAR
|
SALES OF RICE IN KILOGRAMS
|
1
|
14000
|
2
|
17000
|
3
|
15000
|
4
|
23000
|
5
|
18000
|
6
|
22000
|
7
|
27000
|
USING THE ABOVE DATA FORCAST FOR THE 8 YEAR USING THE
LEAST ACQUIRES METHOD
C. outline 5 drawback of moving average method
2a.with the aid of relevant formula describe he simple
moving average method
b.in what ways is forecasting important to business
3a. discuss 5 guiding principles on market demand
forecasting
b. in chronological starting from the first to the last,
highlight the steps involve in forecasting.
4a. define business forecasting and highlight areas where
business forecasting can be applied
b. explain 2 methods of profit forecast
5a. give 3 key limitations to business forecasting
b. write short note on the following qualitative
forecasting methods
i. Delphi methods
ii. scenario writing methods
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you can also attend Online Classes,Online Colleges,online tutorials. to be well prepared for exam Goodluck.
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you can also attend Online Classes,Online Colleges,online tutorials. to be well prepared for exam Goodluck.
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