National Open University of Nigeria
14-16 Ahmadu Bello Way, Victoria Island Lagos
School of Management Science
October/November 2015
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
QUESTION 1
looking at the table below:
Year Sales (in ‘000)
1 14
2 17
3 15
4 23
5 18
6 22
7 27
Using the above data to forecast for the eight (8) year
using the least square method. Least squares assumes that the best-fit curve of
a given Years sales in‘000
QUESTION 2
2i. what are approach, technique, or method of
forecasting and the steps to be followed?
2ii.Stanton and Burskirk (1978:424) identified major
areas the forecaster should further analyze. List and explain?
QUESTION 3
Discuss the classification and purpose of business forecasting?
There are three basis factors influencing the demand
forecast of goods and services as observed by Otokiti (2003). List them.
QUESTION 4
What are the Criteria of a good forecasting method and
importance of business forecasting?
QUESTION 5
Explain the following terms:
Business
Forecasting
Business Forecasting.
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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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