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In my opinion forecasting is about prediction about the future based on the past performance of company data and do some present analysis. risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. for example, if we open up a small business in daily basis, there must be monthly forecasting to get the actual turnover on the next month and easy to get the profit.

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In my opinion, forecasting theory is very important in our daily life due to its benefits. Basically, it helps us to do better prediction in the future through detail analysis. The example can be seen, when we already know our carry marks thus we can plan how much that we need to score to get our targeted marks for final examination. Another example is when we already working, we need to forecast how much we need monthly to pay our PTPTN loan according to our salary.

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In my opinion, forecasting is about the predictions on the future. This is very important because good forecast will effect the good decisions in future. For me, forecasting in daily life is about the budgeting. As for example, we need to forecast our budget before we spend it. We need to know the amount of money that we could spend so that we can save the budget for future planning.

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In my opinion, forecasts are simply predictions about the future. To make good decisions, you have to be able to make good forecasts. For example, how much to save depends on how much money you will need later in our daily life. We regularly make choices without thinking systematically about the forecasts that ought to underlie them.

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In my opinion, basically forecasting is about simply predictions on our future. Through forecasting, we can plan better to minimize the affect and problem could appear. This can be plan structurally based on past experience to ensure it would be efficient when we implied it. For example, forecast on financial expenses for the next month. Through last month expenses, we can predict how much we have to spend on next month by doing forecasting plan on our financial. Besides, forecast on how marks we manage to get for final grades based on coursework mark. By forecasting it, we can plan properly how marks we should get in achieving certain grades that we want. Hence, we could focus more on those subject to achieve what we have plan and predict. So, forecasting is all about prediction on upcoming events to do it better.

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Forecasting is about predicting the future.
In daily life, forecasting would benefit in term of expenses planning. For example, how much to keep in your bank account, how you would  divide food expenses according to needs and how much you would spend each month. Another example is when planning for a travel, you need to predict when is the best time to go and how much would it cost you. Good forecasting is about getting all the benefits within the budget allocation. It helps people to make better decision and get better results out of it.

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Forecasts are simply predictions about the future. The amount we buy in grocery shop depends on how much our family will eat. And same goes to the amount that we save usually depends on how much money we will need to use later. For example, weather forecasting is very useful for human because weather can ruin our daily plans. Weather forecasting is important to facilitate our plans such as plans to do outdoor sport, to organize a concert at outdoor and it is related to our safety. Forecasting is also beneficial to those who do online shopping. For instance, the time taken for an item to be delivered, public holidays, and the urgency of the item has to be measured to forecast the arrival date.

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 Forecasts
are simply predictions about the future. The amount we buy in grocery shop
depends on how much our family will eat. And same goes to the amount that we
save usually depends on how much money we will need to use later. For example,
weather forecasting is very useful for human because weather can ruin our daily
plans. Weather forecasting is important to facilitate our plans such as plans
to do outdoor sport, to organize a concert at outdoor and it is related to our
safety. Forecasting is also beneficial to those who do online shopping. For instance,
the time taken for an item to be delivered, public holidays, and the urgency of
the item has to be measured to forecast the arrival date. 

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 Forecasts
are simply predictions about the future. The amount we buy in grocery shop
depends on how much our family will eat. And same goes to the amount that we
save usually depends on how much money we will need to use later. For example,
weather forecasting is very useful for human because weather can ruin our daily
plans. Weather forecasting is important to facilitate our plans such as plans
to do outdoor sport, to organize a concert at outdoor and it is related to our
safety. Forecasting is also beneficial to those who do online shopping. For instance,
the time taken for an item to be delivered, public holidays, and the urgency of
the item has to be measured to forecast the arrival date. 

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Forecasting = Future Plans

We make predictions and assumptions on our life but however the key point is how and what factors are effecting our predictions. Actually, we can see forecasting in all aspects of our life such as if I go to grocery I have to consider what I am going to buy and for how man people or If I am going to travel somewhere I must estimate the costs and given a budget to cover my expenses.

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Nur Athirah Jahirah Binti Abd Razak 45097

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Nur Athirah Jahirah Binti Abd Razak 45097

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In my opinion, Forecasting is a planning tool which will assist in the management of which will be faced in the future especially on data from the past and the current and trend analysis. It started from specific predictions based on experience, knowledge and judgment which is expected to use one or more techniques such as Delphi method, flattening move, regression analysis and others. Forecasting will facilitate the standardization work that is not easy to make mistakes in the future.

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In my opinion, forecasting is very important in our daily life especially when it comes to budget forecasting. We don't know how much the expenses we are going to spend in the future. So, for the safety it is better if budget we forecast more than our usual expenses.

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In my opinion, forecasting is a method used to estimate or predict something and it is commonly used in business. For example, student usually do forecasting monthly regarding their expenses. This will help them to estimate certain amount of money that going to be used for the next month. The estimation usually can help especially in business to avoid any waste and loss.

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In my opinion, forecasting is very crucial because it may affect a lot of things in every aspect.  Whether we want to avoid lack in resources, to prevent failure in business or to reduce risk. A good forecasting may help us to see new opportunity available in market and have a correct management decision. Besides, minimize in black and white details of working of a concern by forecasting because we can estimate expected profits and loss. The how about daily life? Let twist a little bit the perspective and you may see, we often do forecasting. How many marks I need to achieve A’S? How much table spoon of salt to make the meal taste good? How many hours to get to destination, how many RM I need to spend when going to shopping mall? We do forecasting to avoid problems, avoid over in spending money, over use resources available. In conclusion, we make forecasting in order to make a better decision in life.

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In my opinion, forecasting theory able to help someone achieve a better decision through simply predictions about the future planning. Liked, investment in bank.

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In my opinion, forecasting theory is important in our daily life because it is an effective way to gain control of our finances. It can ensure our expenses stay within the limits. Without a forecasting in purchasing, it may have the risk of overspending. For example, the purchasing of car and house by loan should not exceed 25% of our income. This is because we need to budget for other expenses like foods, utilities, groceries, insurance and personal saving.

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In my opinion,Forecasting theory is according to some phenomenon in daily life, reasonable predict certain things in a short period of time will happen.For example, the weather forecast

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In my opinion, forecasting theory is can use in our daily life to estimated our budgeting per month. With that we can manage our spend in wisely.

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In my opinion, forecasting theory is unconsciously applied in our daily life activity. For the example, while students buying a meal in cafeteria, forecasting theory is applied to forecast the portion of rice and other dishes that needed to take. The portion taken must be enough for the students to be full and not too over. Students must forecast the right amount in order to not wasting money to pay for the leftover foods which couldn't be finished.

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In my opinion, i think the forecasting theory are important in our daily life because it can give impact to our expenses and what are really need to be forecast to make that easy and not will make our life trouble if the need of money in the situation are we don't know are happen in the future. so that, every kind of the expenses must be controlled.

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In my opinion, I think that forecasting theory is essential in our daily life because we can do predictions about the future and will affect when doing decision making. For example, when we want to purchase something, of course we need to forecast what we will gain either it is good or bad from consumption the particular product. Next, I forecast about the cost of shipping the product, time to arrive at my place and the quality of product to ensure that it similar or greater than our predictions. Thus, I believe that by doing the forecasting in our daily life would reduce on making error decision in anything that we do.

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In my opinion, I think that forecasting theory is essential in our daily life because we can do predictions about the future

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In my opinion, I think that forecasting theory is essential in our daily life because we can do

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In my opinion, I think that forecasting theory is essential in our daily life because we can

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In my opinion, I think that forecasting theory is essential in our daily life because

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In my opinion, I think that forecasting theory is essential in our daily

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In my opinion, I think that forecasting theory is essential

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In my opinion, I think forecasting theory is very important in our daily life because forecasts can simply predictions about the future.  For example, when starting our business, monthly or weekly forecasts may be necessary when experiencing rapid growth or having financial difficulties because we can  closely monitor our finances and develop strategies to fix problems before they become major issues. Next, as a student, from forecasting, we can predict how much ptptn we have to spend in a month to ensure that money enough for the one semester.

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In my opinion, I think that forecasting theory is useful and important in our daily life because we can used it to predict and forecast the future. For example, when we decided to go for travelling, we forecast the budget that we need, the percentage of flight delays or early, the weather, what things will happen, the time we arrive the destination, what size of luggage that need, and how much cash we need to hold in hand.

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In my opinion, I think forecasting theory is very important in our daily life.  For example Sales Planning When your sales reps make their forecasts, they are also planning their future activities, providing each of them with a business plan for managing their territory. Assuming that each of them has a quota to fill, forecasting is the tool that helps them identify the customers to meet their objectives.

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In my opinion, forecasting theory will be useful in daily life because it will predict about the future and affect the decision making. For example, before go to the shop, I will make the forecast first, on how should I need to spent my money. Everything is raising due to economic problem. So, we have to take an action to predict the future trend using the past experience on our spending. I believe by doing this, it will give positive impact to the forecast theory.

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In my opinion, forecasting theory is important. It plays a role in our daily life as simply predictions now and future. Forecasting does act as an aid to decision making and planning. We can use a forecasting method to control spending on our daily life. For example, we can forecast our monthly expenses like petrol usage of the month. Weather forecast nowadays important for us to remember us to bring an umbrella with raining day. A manufacturer needs the perspective of production planning, forecasts the demand for production abilities to control the stock of raw materials, finished goods, with a proper plan and schedule. Here, I believe forecasting theory used in our daily life, give us experience to reduce error decision making and prevent in our life.

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In my opinion,i think forecasting theory is important in our budget daily life. Forecasting is prediction in future in term of economy growth, which mean back tu budget daily life will effect future budget.it might can be saving the money in proper planning. This forecast can effect out decision making. For example, with the budget RM 5 daily will cause you manage to buy goods only below rm5. The decision maked because the only cash
in hand.

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In my opinion, forecasting theory is important in our daily life. This is because forecasting will affect our decision making. For example, I predict that today is going to rain, so I decide to bring an umbrella. Therefore, the forecasting is important in our daily life since it affects heavily to our daily life.

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In my opinion, i think that forecasting theory will be useful in our daily life because it is used to model and predict economy, population growth, stock and others. Forecasting is the use of historic data to determine the direction of future trends. Forecasting also provides an important benchmark for firms which have a long-term perspective of operations. For example, forecasting are used to predict weather through computer models which are built using statistics that compare prior weather conditions with current weather to predict future weather.

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Forecasting theory will be useful in our daily life because it is simple predictions about the future. Example, how much to buy at the grocery store depends on how much our family will eat. How much to invest in national defense depends on what threats we will face. And how much to save depends on how much money we will need later. We regularly make choices without thinking systematically about the forecasts that ought to underlie them. Psychologists have uncovered a host of biases that impair our forecasting.

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In my opinion, forecasting theory is very useful and beneficial in our daily life. I have to be able to make a good forecasts to make good decisions. We can use forecasting which are simply predictions about the our future. We can predict that how much we spent  depends on budget planning and expenses. For example, what food and beverage that a student want to buy and depends on how much the budget he or she has and how much they want to save their money in their future. I think that we will success on the budget planning if we use forecasting on our daily life. It will be away from the dangerous of personal debt in our financial control.

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In my opinion, forecasting theory is useful in our daily life. Why? This is because we can use forecasting to predict the future on budget planning and daily used item. For example, we can use forecasting method to predict the spending on our daily life. Due to economics situation and inflation, everything is raising. We have to take action to predict the future trend using the past experience on our spending. With forecasting theory used in our daily life, I believe we can make a good decision making on our budget. If we don't use forecasting theory on our daily life, we will fail on budget planning and we might faced overspending. This might be dangerous because if we fail to do that, personal financial will affect our daily life.

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in my opinion, we can use forecasting theory in our daily life based on our personal budget plan.

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Forecasting are simply prediction about the future. How much to buy from the food store depends on how much i could eat. Another example is how much I can save depends on how much i needed to spend in the future. It is better to do prediction about the future outcome that we should now prepare to endure it. In term of financial, an accurate forecast will decrease losses or prevent the risk could happen

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Forecasts are predictions about the future. In business, forecasting is the decision process used to budget, plan, and predict future outcome. Future growth is estimated based on past events and solutions. In daily life, everyday we involved in forecasting. For example, what food that a student want to buy from kiosk depends on how much of the budget he has while how much to save depends on how much money he will need in future. Forecasting helps in financial management and give also us prior insight of the risk may happened. Not only numeric predictions, forecasting also helps in predict human behavior. Like a student absent for the class today, then forecasting can be made whether that student will absent again for the next class.

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Forecasting theory is a means to predict on what is going to happen next based on previous events. This theory is used in our daily lives to make proper planning, preparations and decision to get expected results for the upcoming event. Forecasting is also used as risk management where risks are predicted and avoided depending on the level of upcoming risks.

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Forecasting theory simply predictions about the future. Forecast let us prepare and prevent the things that will occur in our daily life.

For examples, we forecast how much the things we need to buy before go to shop, how much we can save according to the salary and what time we need get up for work or go to class.

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In my opinion, forecasting theory is needed in term to make a good decision. The theory is the best planning tool that can guide us to meet a best solution in our daily life

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In my opinion, forecasting theory can be used in daily life for example, planning the monthly expenses to control the income and expenses of oneself.

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The theory of forecasting has been part of a decision making tool which is being utilized to predict future circumstance. In the perspective of business, forecasting help to predict the financial capabilities of the business which is resulted from the sales and expenses. If forecasting theory were to be used in our daily life as a student, we could forecast our monthly expenses from the amount of money we spend daily. Sometime forecasting is not only applicable in the form of numeric, it also can be based on experience like when a student always late to class, then we could forecast that he/she will be late again for the following class.

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From my opinion, forecasting is useful because forecasting is always related with my existing knowledge, experience and judgement. So, in order for me to have a good decision, i need to forecast first. For example if I have just RM 100 to buy books or new clothes. In this situation I need to consider about my limited budget, my priority in class as a references
and my satisfaction with new clothes. All this need to forecast carefully and plan before make a best decision.

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forecasting can be use especially in uncertainty situation. It help us to decide a good choice.  Forecasting theory are useful for women, for example, forecast what we need and want will prevent any extravagant when we are shopping. It is also useful for those who are reckless to prevent any regrets.

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To make good decisions, you have to be able to make good forecasts. Forecasts are simply predictions about the future.

Any sensible “forecast” encouraging sign up for the participation in our study, for your own interest and for the potential insights the results will have for all of us.

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In our daily life, forecast enable us to do preparation or prevention on something that will happen. For example, when we buy grocery at supermarket, we will estimate what and how many thing need to buy. The amount of grocer that we buy can fulfill our daily needs for how long. It can prevent from lacking of daily goods.

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In my opinion forecasting theory can be used  in estimated our expenses in daily life.  For example, when we want to buy  groceries in supermarket, we have to estimate the budget we want to  spend. We can predict the price of the things we want to buy through our previous shopping history.  So forecasting theory can be applied in predicting our budget, before go  shopping so we not overspend our money.

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In order to make a good decision, we need to make a good forecast. For example,we need forecast how many grocery for our daily life, how many investment use for insurances, how much saving can we have and so on. All of these need a pre forecast so that we can have proper planning and decision for it to avoid uncertainty.

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Forecasting theory can be use in our daily life because it will help us to make a good decision. Forecasts are simply predictions about the future. Reducing risks through forecasting Usefulness of better forecasting implies that it is likely to be worthwhile to learn how to do it better. Forecast theory will assist you in making the best possible decisions and will help you feel more confident and clear about how to best deal with the circumstances and situations you encounter.

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in my opinion, i think that  forecasting theory help me to decision making and in planning the future.For example,  a forecast may estimate the number of vehicles on a planned road.so, it's would avoid me from traffic jams.

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In my opinion, I think that forecasting will be carried out in our daily life to make a good decision making.Forecasting is used to determine how to allocate the budgets for an upcoming period of time.

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In my opinion, I think that forecasting will be used in our daily life because forecasts are simply predictions about the future.
To make good decisions, we have to be able to make good forecasts.
Good forecasting is essential to improve process and value chain performance. For example, demand forecasting (goods and services, and setup assembly line.

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forecasting are simply predictions about our future. by forecasting, we can building prior insight and learn to do things better. for an instance, by forecasting the sales we made in a month, we can know how much the profit earn by company and also the commission for salesperson.

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In my opinion, i think that forecasting usually will be carried out in daily life in order to provide an aid to decision-making and in planning the future. For example application for forecasting include: inventory control/production planning-forecasting the demand for a product enables us to control the stock of raw materials and finished goods, plan the production schedule and etc.

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In my opinion, forecasting theory can be used in our daily life in the way like when we going out, we can forecast whether the traffic is smooth or not, whether the weather is good or not, whether the money we bring is enough or not and so on. We used a lot of forecasting theory in our life unconsciously and it helps us to solve lots of problem we might face if we don't forecast.

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I believed that forecasting theory can estimate monthly demand for a product, the annual freshman enrolment in a department of the university and the daily flows in a river.

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Nur Afiqah Binti Sikh Abdul Raman (42978)

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Nur Afiqah Binti Sikh Abdul Raman (42978)

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In my opinion, forecasting theory can be used in our daily life  in order to understand that the long-run pattern is closely related to predict future pattern aspect

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44839
In my opinion,this forecasting theory will be used in our daily life.For an example of forecasting theory-National life insurance company.Actually this is a future time basis stage.

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in my opinion, forecasting theory used in our daily life because to determine how to allocate their budget for future period.not only that but also predict sales and financial in market for example, when the salesperson decide to sale some specific products to customer, the first step the salesperson should do is identify previous sales volume forecasting .moreover, Forecasting can used in a variety of areas such as: production planning, budgeting, strategic planning, sales analysis, inventory control, marketing planning, logistics,

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In my opinion, I think that forecasting theory can used in our daily life such as about insurance. If we know that in order to drive own carwe are required by law to have car insurance. If you have a mortgage on your house, you must have it insured as well. The rate that an insurance company charges you is based upon statistics from all drivers or homeowners in your area.

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