Industrial Forecasting Support Systems and Technologies in Practice: A Review
Keywords:
forecasting, support systems, techniques
Abstract
With the present changing and uncertain economic and marketing scenario the available resources must be utilised by the most optimum way, so that the predetermined goal is achieved. There are number of tools and techniques that are used directly and as support system in the business for success. Forecasting is also a powerful tool and technique which is used as support system to the industrial environment so that future of the business can be predicted accurately. It provides the basis to plan the future requirements for men, machine and materials, time, money etc. so that the wastage will be least.This paper presents the reviews of different works in the area of industrial forecasting support systems and tries to find out latest developments and technologies available in industries and show how they are beneficial to achieve an accurate forecasting.
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Published
2013-05-15
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Copyright (c) 2013 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.