The use of analytical models for the forecast of department`s sales based on the data of housing complex «Akademija»
Journal: Business Education in the Knowledge Economy (Vol.1, No. 2)Publication Date: 2015-11-01
Authors : Chekhovskaia Svetlana; Safronova Sveltana;
Page : 41-45
Keywords : business forecasting; RMSE; U – statistic;
Abstract
At the present days, at the time of a high uncertainty, business forecasting is one of the useful tools for decision making in management. The article is devoted to the study of various analytical models and to access of their effectiveness. Also, the practical calculations will be included. None of the business models allow to make accurate prediction for a long period of time, but can be useful for an overall picture and vision of the current prospects.
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