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Need of Intelligent Forecasting in Online Business

Forecasting is already discussed in old management books several times as it’s all about predicting, projecting & estimating some specific future events & market conditions and other variable (internal or external) condition in the organization.

For online business forecasting is becoming an important element of planning to meet the business objective in shorter time. I think forecasting in online business must be blend with intellectual basis & information inputs for undertaking the formulation of meaningful plans. Intelligent, systematic & scientific forecasting should be an attempt for understanding the state of the uncertainty and complexity of some of the variables of the future, for example the changing behavior of search engine algorithms. The future search engine seems to be more intelligent & powerful, it would be more scientific and systematic by detecting knowledge. I guess the future search engine is going to establish dialogue with the users to provide the “Exact & Accurate ” information as per their search terms within a single page search results.

So as a human our intelligent forecasting should strengthens the sense of confidence and level of individual competence and make informed. The assumption should be estimated with the judgment of the implications of future events and behavior of variables. They might be related to the future market condition, general price situation, cross culture, political condition and change in its structure, business condition and the competitive trends, in short the prediction should be based with any degree of these credibility.

Major initiative on new market, new products, and new technology and processes may end up as failures if you do not exercise in forecasting and operate a flexible plans. The very philosophy of planning is a philosophy of faith in the future even though the future is uncertain and complex. You need flexible plans, as flexible plans remain largely relevant even in the face of unexpected future changes within certain limits. You need to generate more reliable, relevant and adequate information through improved scanning and forecasting techniques.

For large organization installation of dynamic management intelligence systems is one of the steps that can lead them in the right direction. Forecasting lead you to formulate a flexible plans which can be modified at short-notice in response to emerging contingencies and assumption for a range of possible situations.

~ by salesstrategy on January 7, 2007.

2 Responses to “Need of Intelligent Forecasting in Online Business”

  1. Hi!

    So as a human our intelligent forecasting should strengthens the sense of confidence and level of individual competence and make informed.

    Here lies the greatest factor of human discforecasting; it ist the specialism which bring up
    special forcast. In reality the fields of a lot of specialists interact to the future achievement
    and this brings up a lot of errors in forecasts (as greater the impact of the event will be the more fields interact and as longer it is pre- that greater are the dis-!

    here only the consulting of some one with a sort of overknowledge must be found and new one be accomplished.

    For large organization installation of dynamic management intelligence systems is one of the steps that can lead them in the right direction. Forecasting lead you to formulate a flexible plans which can be modified at short-notice in response to emerging contingencies and assumption for a range of possible situations.

    Your argument Forecasting lead you to formulate a flexible plans which can be modified at short-notice in response to emerging contingencies and assumption for a range of possible situations. Brings up the strategic Content-Vector at it’s best.
    Because the best forecast is that one, always are just brought up now, see the weather-forecast and its long historie to become a reliable tool.

    I guess the future search engine is going to establish dialogue with the users to provide the “Exact & Accurate ” information as per their search terms within a single page search results.

    I discussed Content-Vectors on Matt Cutts eraly 2006, and in the Valley are now some more doubble digits startups looking to the engine which can be asked by sentences. This is the right way, if they also be able to identify the relevance of special languages and can built it in the query-tree in or as categories at it.

    This will seems too much made for most engilsh speaken persons (and other languages with characters into the 30K much more) but as I said a while ago at Light2Art:

    The Germans are so constructive because their language is so very flexible constructive,

    but this would bring us up to some points like this:

    [url] http://dict.leo.org/ende?search=reliable[/url]

    I think better clear this prob first but then such a searchengine had to look at these syntax-content-vector-factors

    1. substantive with adjective
    2. verb with adverb
    3. comparison inbuilt?
    4. negation inbuilt?

    and than record these found 2*2x formats (plus other infos like tags or media), to look at these patterns in the human queries.

    I hope you can use this sight out of another reality.

    Greetings

    Karl Heinz

  2. Thanks Karl for your comments and useful insight on this topic! It’s true forecasting is unlikely to be accurate always as future is not an extension of the past and present in all aspects but so far we have reached to a refined stage through our knowledge and experience to adopt a most scientific and sophisticated forecasting techniques that we can even foresee certain events in advance.

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