Importance of Forecasts in decision making in MSMEs
Abstract
The study of forecasts as elements in decision making in companies have greater areas of opportunity within organizations, this is because the forecasts help decision makers to make more precise judgments about future events and In this part, mathematics turns out to have an important role, as mentioned (Wilson & Koerber, 1992) it has been shown that quantitative methods are useful to make better predictions about the future course of events, so it has been created the need for new software to be developed through the use of the computer these predictions are generated more quickly, but it is fundamental to understand well how the calculations are made manually to later use these computational tools.
For the purposes of knowledge that the administrator requires to know about the different methods of forecasts and thus select the one that complies with the internal objectives, the author Farrera Gutiérrez (2012) divides them into: Qualitative Methods among which are: Delphi Methods, Historical Analogy and Market Research. Within the Quantitative Methods are: Moving Average, Exponential Smoothing and Linear Regression. It is important to note that knowing the different forecasting methods allows the decision maker in front of a MSME, to get as accurate as possible about the behavior of the data on which their future estimates are generated.
Keywords
Categories
Similar Articles
-
Emotional intelligence: influence on human resources management in organizations
Jose María Biedma-Ferrer
-
Solidarity Economy, Cognitive Processes with a Gender Approach in Lejanías, Meta (Colombia, 2020)
Saúl Eduardo Rojas Gutiérrez, Mileida Mosquera Tapiero
-
Market research and its use in decision making
Ginna Katherine Salas Leal, Ingrid Astrid Botero Gutíerrez
-
Methodological Model for Effective Measurement of Social Value in Organizations of the Third Sector
Sergio Fernando Garcés Arias
-
The environment and its incorporation into the financial information of organizations
Yeni Lorena Becerra Otálvaro, Yuddy Karina Quiroga Gutierrez, Janeth Lozano Lozano
-
Visual merchandising at the point of sale, brands versus consumers in decision making
Claudia Janeth Ramírez Beltrán, Luis Gerardo Alférez Sandoval
-
Generating value between people and organizations
Dagoberto Torres-Flórez
-
Approaches to Innovative Business Social Responsibility: Alternatives for Today's Organizations
Fabián Arley Ninco Hernández, Yenni Viviana Duque Orozco
-
Public policy decision making on the continuity of the cycle path in the city of Xalapa, Veracruz
Karina Culebro Castillo, Luis Alejandro Gazca Herrera, Carolina Martínez Aguilar, Valeria Sánchez Deceano
-
Strategic Prospect for the Cruz Azul Shopping Center, Hidalgo. Mexico
José Francisco Hernández Gracia, Tirso Javier Hernández-Gracia, Venancio Avendaño Hernández, Dagoberto Torres-Flórez
Most read articles by the same author(s)
-
Current situation of Financial Education in Young University Students of Villavicencio Colombia
Alfredo Pérez Paredes, José Aurelio Cruz de los Ángeles, Andrea Milena Gómez Pulido
-
Modern Accounting Systems
Verónica Juárez Fonseca, Alfredo Pérez Paredes, Jorge Manuel Garcia Vásquez
-
The role of the public accountant in México before the new electronic accounting
María del Consuelo Castañeda Barrera, Alfredo Pérez Paredes, Ylda Celia Velasquez de la Rosa, María del Rosario Candía Díaz
-
Entrepreneurial failure, as a learning experience for entrepreneurs in the Municipality of Puebla, México
Amado Torralba Flores, Alfredo Pérez Paredes, Dulce María Martínez Ángeles
-
Proposals for strengthen the Enterprising Culture in the municipalities of Puebla and Tlaxcala
Alfredo Pérez Paredes, Amado Torralba Flores, José Aurelio Cruz de los Ángeles
-
Work Environment in Companies of the Services Sector in the Municipality of Puebla
Alfredo Pérez Paredes, Amado Torralba Flores, José Aurelio Cruz de los Ángeles
-
The generic international competences ... to the need in the Bachelor of Business Administration of the BUAP: Based on the Tuning project in Latin America
Verónica Juárez Fonseca, Amado Torralba Flores, Araceli María Guatemala Villalobos, Alfredo Pérez Paredes
-
Study of the magical towns in Mexico: The case of the municipality of Chignahuapan, Puebla
Alfredo Pérez Paredes, Verónica Juárez Fonseca, Amado Torralba-Flores
-
Analysis of microenterprise financing in Puebla (Mexico)
Alfredo Pérez Paredes, Amado Torralba Flores, José Aurelio Cruz de los Ángeles, Emilio Adolfo Calderón Mora
-
Implementation of the Seguro Popular Program in the "Gonzalo Rio Arronte Medical Complex" in the municipality of Atlixco, Puebla. México
Amado Torralba Flores, Alfredo Pérez Paredes, José Aurelio Cruz de los Ángeles, Laura Juarez Bautista
Authors
References
Charles, G. (2003). Métoos Cuantitativos Para La Toma de Decisiones en Administración.México: McGraw Hill.
Farrera Gutierrez, A. (2012). Manual de Pronósticos Para La Toma de Decisiones.México: Digital Tecnológico de Monterrey.
Fernanda, V. (Septiembre de 2016). Universidad Nacional del Sur Argentina.Recuperado el Mayo de 2018, de http://www.matematica.uns.edu.ar/uma2016/material/Introduccion_a_los_Modelos_de_Pronosticos.pdf
J, L. (2002). El Método Delphi. Una Técnica de Previsión del Futuro.España: Ariel.
Mendoza Ramírez, M. (2010). Pronósticos y Estadísticas Para la Administración.México: ITAM.
Nuño de León, P. d. (25 de abril de 2018). Bibliotecas Digitales.Obtenido de http://www.aliat.org.mx/BibliotecasDigitales/Hospitalidad/Administracion_de_pequenas_empresas.pdf
Wilson, J., & Koerber, D. (1992). Combining Subjective and Objective Forescasts Improves Results. Journal of Business Forecasting , 11(3), 12-16.