Forecast period - Revision history

Designing Buildings at 10:19, 10 February 2021

2021-02-10T10:19:05Z

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	* Whole life costs.		* Whole life costs.

−	[[Category:Theory]] [[Category:Construction_management]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Theory]] [[Category:Construction_management]]

Designing Buildings at 13:37, 4 July 2019

2019-07-04T13:37:39Z

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	Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparation of an estimate of what is thought likely to happen during that period. The forecast may take the form of a statement that is written or verbal. It may also include graphical or numerical information.		Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparation of an estimate of what is thought likely to happen during that period. The forecast may take the form of a statement that is written or verbal. It may also include graphical or numerical information.

−	A business forecast may be undertaken on a three-month, six month or yearly basis. If done on a three-month basis, the forecast is usually referred to as a quarterly forecast; if six-month, it is referred to as a six-month forecast.	+	A business forecast may be undertaken for example, on a three-month, six month or yearly basis. If done on a three-month basis, the forecast is usually referred to as a quarterly forecast; if six-month, it is referred to as a six-month forecast.

−	Forecasts are usually created from studying historical data ~~and performance, present~~ and predicted trading conditions, opinions, trends, political, social and international factors, and how these might interact during the ~~future~~ period concerned. The forecasts may be used as the basis for preparing targets and budgets for the period.	+	Forecasts are usually created from studying historical data and predicted trading conditions, opinions, trends, political, social and international factors, and how these might interact during the period concerned. The forecasts may be used as the basis for preparing targets and budgets for the period.

	Most business forecasting is based on the use of extrapolative forecasting (extrapolative research techniques) which attempts to predict the future by extrapolating historical trends. This process assumes that patterns that have been manifest in the past are regular, can be measured and will continue.		Most business forecasting is based on the use of extrapolative forecasting (extrapolative research techniques) which attempts to predict the future by extrapolating historical trends. This process assumes that patterns that have been manifest in the past are regular, can be measured and will continue.

Editor at 15:19, 31 May 2019

2019-05-31T15:19:25Z

← Older revision		Revision as of 15:19, 31 May 2019
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−	Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparation of an estimate of what is thought likely to happen during that period. The forecast may take the form of a statement that is written or verbal. It may also ~~comprise a~~ graphical or numerical information.	+	Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparation of an estimate of what is thought likely to happen during that period. The forecast may take the form of a statement that is written or verbal. It may also include graphical or numerical information.

	A business forecast may be undertaken on a three-month, six month or yearly basis. If done on a three-month basis, the forecast is usually referred to as a quarterly forecast; if six-month, it is referred to as a six-month forecast.		A business forecast may be undertaken on a three-month, six month or yearly basis. If done on a three-month basis, the forecast is usually referred to as a quarterly forecast; if six-month, it is referred to as a six-month forecast.

−	Forecasts are usually created from studying historical data and performance, present and predicted trading conditions, opinions, trends, political social and international factors, and how these might interact during the future period concerned. The forecasts may be used as the basis for preparing targets and budgets for the period ~~concerned~~.	+	Forecasts are usually created from studying historical data and performance, present and predicted trading conditions, opinions, trends, political, social and international factors, and how these might interact during the future period concerned. The forecasts may be used as the basis for preparing targets and budgets for the period.

	Most business forecasting is based on the use of extrapolative forecasting (extrapolative research techniques) which attempts to predict the future by extrapolating historical trends. This process assumes that patterns that have been manifest in the past are regular, can be measured and will continue.		Most business forecasting is based on the use of extrapolative forecasting (extrapolative research techniques) which attempts to predict the future by extrapolating historical trends. This process assumes that patterns that have been manifest in the past are regular, can be measured and will continue.

Editor: Created page with "Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparatio..."

2019-05-31T15:16:40Z

Created page with "Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparatio..."

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Forecasting is the art of predicting future events by examining a variety of factors. A forecast period is a defined period of time in the future that is taken for the preparation of an estimate of what is thought likely to happen during that period. The forecast may take the form of a statement that is written or verbal. It may also comprise a graphical or numerical information.

A business forecast may be undertaken on a three-month, six month or yearly basis. If done on a three-month basis, the forecast is usually referred to as a quarterly forecast; if six-month, it is referred to as a six-month forecast.

Forecasts are usually created from studying historical data and performance, present and predicted trading conditions, opinions, trends, political social and international factors, and how these might interact during the future period concerned. The forecasts may be used as the basis for preparing targets and budgets for the period concerned.

Most business forecasting is based on the use of extrapolative forecasting (extrapolative research techniques) which attempts to predict the future by extrapolating historical trends. This process assumes that patterns that have been manifest in the past are regular, can be measured and will continue.

Such techniques can be used to forecast annual earnings, annual spending, house sales etc.

= Related articles on Designing Buildings Wiki =

* Budget
* Business case.
* Cash flow.
* Contingency.
* Cost plans.
* Earned value.
* Fee forecasting.
* Financial management tools.
* Fluctuations.
* Resource forecasting.
* Working capital.
* Whole life costs.

[[Category:Theory]] [[Category:Construction_management]]