✦ LIBER ✦

Awareness and use of forecasting techniques in british industry

✍ Scribed by John R. Sparkes; A. K. McHugh

Publisher: John Wiley and Sons
Year: 1984
Tongue: English
Weight: 340 KB
Volume: 3
Category: Article
ISSN: 0277-6693
DOI: 10.1002/for.3980030105

No coin nor oath required. For personal study only.

✦ Synopsis

The paper summarizes results of a mail survey of the use of formal forecasting techniques in British manufacturing companies. It appraises the state of awareness of particular techniques and the extent to which they are used in various functional applications. The extent to which the forecasts generated by the techniques influence company action is assessed; and the reasons for the non-use of particular techniques examined. The paper concludes that although an increasing number of companies appreciate the importance of forecasting, the methods used are predominantly naive and few companies are taking steps to improve the situation through using alternative techniques or through computerizing established techniques. KEY WORDS Forecasting techniques Functional applications Time scale of forecasts Forecasting accuracy Influence of forecasts ' Copies of the questionnaire are available from the authors 0 1984 by John Wiley & Sons, Ltd.

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