A.Forecast data base keeps information about
•Order history
•Tactics used to obtain orders such as promotions, schemes, special promotional programmes.
•State of economy and competitive actions.

B. Forecast process integrates forecast techniques, support system and administration.

•Two prominently used forecasting techniques are time series and correlation modelling.
•Forecast support system is the capability to gather and analyze data, evaluate impact of promotion, develop forecast and communicate to the relevant personnel.
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

Leave a reply

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp

Log in with your credentials


Forgot your details?


Create Account