In business, a forecast is a prediction or estimation of future events or trends based on historical data, current conditions and analytical tools. It aids decision-makers in preparing for potential ...

View post: Lululemon eyes key growth market and it's not the U.S. Lululemon eyes key growth market and it's not the U.S.

This post originally appeared at American Express OpenForum. Whether it's Gap officials determining how many sweaters to stock on their shelves or a local diner making waitstaff decisions, businesses ...

Managers use different forecast methods to inform and support their decisions. A small business owner can use sales forecasts to determine if he should hire new employees, while the chief executive of ...

Managers in a manufacturing environment often must forecast the amount of inventory and supplies needed to meet demands. The use of forecasting assumes that past trends will continue with little ...

Willamette's MBA concentration in management science and quantitative methods (MSQM) covers a broad range of skills in information systems and mathematical models. These skills are especially ...