PL EN


Journal
2013 | 1(39) | 52-60
Article title

Demand forecasting in a business based on experts’ opinions – an application of weibull distributions

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
Demand forecasts in a business may be constructed by various methods, e.g. by using Type-I formal models, or by using type-II formal models based on experts’ opinions. The experts can be the business’s managers or persons from outside of the studied business. The experts can not only construct forecasts, but also subjectively specify the probability of them coming true. In this article, the Weibull distribution is described, a distribution that may be applied in the process of constructing product demand forecasts for a business. The methodology for constructing a point forecast is explained, along with the methods for evaluating the chances of the forecast coming true and the methods for judging the probability connected with sales profitability.
Journal
Year
Issue
Pages
52-60
Physical description
Dates
published
2013
Contributors
  • Uniwersytet Ekonomiczny we Wrocławiu
References
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  • Dittmann P., Szabela-Pasierbińska E., Dittmann I., Szpulak A. (2011), Prognozowanie w zarządzaniu sprzedażą i finansami przedsiębiorstwa, Oficyna a Wolters Kluwer business, Warszawa 2100.
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Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-25a1c04d-1a6d-4ae1-b681-b10ada867255
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