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
-
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
-
(De)globalization, complexity and uncertainty: towards ambidextrous business management
Arturo Rodríguez-Castellanos, Nerea San-Martín-Albizuri, José Alfredo Delgado-Guzmán
-
Matter of Ethics - by Ferney Parrado Rojas
Ferney Parrado Rojas
-
The integration of marketing communications as the core of brand communications
Juan David Tunaroza, Diana Rojas Torres
-
Analysis of potential causes of failure in public lighting fixtures in Tierra Blanca, Veracruz, Mexico
Juan Alberto Hernández Morales, Liliana Fuentes Rosas
-
Software for the Diagnosis of Accumulated Stock of Social Capital in the Business Context. An Alternative to Business Development
Luz Stella García Monsalve, Manuel Fernando Cabrera Jiménez
-
Integration of technological and didactic tools in the development of competences focused on solving problems and making decisions.
Juan Antonio Sánchez Marquez, Nuria Sellares Alegre, Nohemí Aracely Hernández Muñoz, Mónica Mondelo Villaseñor
-
Performance Evaluation Process in Villavicencio clinics
Dagoberto Torres-Flórez, Daniel Fernando Rodríguez Herrera
-
Models of Organizational Management and Strategic Planning of Dental Clinics Specialized ODONTOSTUDIO Limitada
Luz Angélica Álvarez Hernández, Dora Navarro Quintero, Aida Viviana Montoya, Andres Gil Berrio
-
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
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.