Business Forecasting PDF ePub eBook

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Business Forecasting free pdf Excerpt from Business Forecasting "The end and aim of all science," stated Professor Jacques Loeb, "is the prediction and control of phenomena." The uncertainty which attends the outcome of business transactions offers a wide field for scientific research. It is indeed surprising to note how little science has done toward reducing the element of risk in commerce in comparison with achievements in the search for the unknown in geography, astronomy, medicine, and other fields. The age-old belief that business affairs were unworthy of study has too long blocked commercial progress. The future will always contain a large degree of uncertainty but the major changes in business conditions can be foreseen if basic economic laws are known. The most harmful effects of changing conditions are due to ignorance of these laws. "The forces that primarily cause the alternation of boom and depression," stated Professor M. T. Copeland recently, "can be regulated once they are understood. The severity of these ups and downs is due in large measure to the lack of adequate foresight, lack of general appreciation of the factors that influence the course of business prosperity, and failure to adopt corrective policies in season." Scientific research into the underlying causes of changes in business conditions has only just begun. "Stabilization of business and the avoidance of recurring depressions and crises," declared the Economic Advisory Committee of the National Conference on Unemployment held recently at Washington, "are in no small measure dependent upon a more complete knowledge of the factors affecting the business situation." To the business man, the importance of being at all times acquainted with current conditions, outside as well as within his particular field, can scarcely be overestimated. Future policies cannot be wisely decided unless future economic probabilities are carefully analyzed, and such analysis is impossible without adequate statistics of existing conditions. To the theoretical economist, the importance of knowing beforehand the relative strength of demand and supply has long been recognized. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.

About David F Jordan

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Details Book

Author : David F Jordan
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1330027191
EAN : 9781330027196
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 290 pages
Age + : 15 years
Language : English
Rating :

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