- #1

semidevil

- 157

- 2

the way that the company predict how much we will make this month is this: so let's say the company wants to forcast how much money they will make in the month of August 2005. They take the sales of August of 2002 + Sales of August 2003 and find the average. that average, is how much we are predicted to make in 2005

so (n-2 + n-1)/2 is the prediction for month n..

Being a math major, I was thinking, is this mathematically sound way to predict forcast?

Im sure there are statisticaly better way to predict forcast right? what would be a more accurate way to do it? Since I have access to old records(and have taken a number of statistics and math classes), I was wondering if it is possible for me to give a better prediction.

thanx guys