Apt Accuracy in Forecasting Essay Example | Topics and Well Written Essays - 750 words - 1

Apt Accuracy in Forecasting - Essay Example In addition, the problem situation entails exploring other available techniques that can be used to improve short-term forecasting on an annual, quarterly and monthly basis (Emerson, 2003). On a similar note, the firm is interested in long-term forecasting ranging from 2-3 years and generation of inflation forecasts. For proper maintenance of the balance between the company objectives and customer prospects, it should be assumed that the EBBD managers are habitually required to bestow better service with limited resources (Fildes & Allen, 2011). The EBBD’s approach in forecasting is not only an estimation of future business but also an appeal of resources, which will ensure a steady supply of the product (Fildes & Allen, 2011). The assumption that, the monthly costs and operational budget reviews are prolific then it follows that this process is expected to provide desired results. An assumption that, this environment is constant, the benefits of effective forecasting are numerous. It is imperative to note that, placing a determined amount of product in a forecasting process, expectations that both the resources and the products are available to remain fundamental. (Fildes & Allen, 2011). This stage requires apt accuracy in a bid to meet the expectations with limited fluctuations. EBBD management like those of other companies operates under the environment of risk and uncertainty. It is imperative to note that, one of the key instruments of reducing risk in decision-making processes is forecasting. It is assumed that an immense difference exists between forecasting intended for an existing product and that intended for a new product (Fildes & Allen, 2011). Proper application of forecasting in each case can be critically ascertained in each case.

Impact of homogeny and heterogeny on globalization Term Paper

Impact of homogeny and heterogeny on globalization - Term Paper Example It, however, equally suggests some form of commonality, albeit the imposed one. This, therefore, implies that English represents a similarity of thought and culture. In both cases, the notions tend to suggest some level of homogeneity occurring as a result of shared language. The alternative versions of spread of English globally proposes a heterogeneous versions, in which there are many worlds and Englishes. There has divergence views on the impact of homogeneity and heterogeneity on globalization, colonization and imperialism. For some studies, homogeneity and heterogeny impacts negatively on globalization and leads to colonization and imperialism, for some heterogeny and homogeneity impacts positively on globalization (MckaySanda 90). In this paper, we propose a research to ascertain the relationship between heterogeny, and homogeny. It seek to argue that the heterogeneous version has its flaws, based upon a supposedly pluralisation of Englishes that is based around new emergent n ational linguistic identities. The rest of the proposed research will deal with various issues from many perspectives. It will open up the understanding of current issues with regard to community of English speakers. It will argue that there can be no understanding of English without appreciating globalization as a local and global process, as both an oppositional and an impositional set of relations producing something new. Firstly, the paper will look at the current debate over the spread of English globally, looking at arguments over heterogeny and homogeny in the world.