A Managerial Guide to Forecasting

@article{Lancaster1986AMG,
  title={A Managerial Guide to Forecasting},
  author={G. Lancaster and R. Lomas},
  journal={International Journal of Physical Distribution \& Logistics Management},
  year={1986},
  volume={16},
  pages={3-38}
}
  • G. Lancaster, R. Lomas
  • Published 1986
  • Computer Science
  • International Journal of Physical Distribution & Logistics Management
In order to predict the future we must examine the past in order to observe trends over periods of time and establish the degree of probability with which these trends are likely to repeat themselves in the future. All forecasts are wrong, and management must be aware of this fact and decide upon the degree of inexactitude that can be tolerated when planning for the future. 
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