Forecasting helps us look at existing data and then make determinations about the future. Sometimes these are going to be correct and sometimes these are going to be inaccurate. Most of the time things work through patterns and those help define market behaviors give you a sense of the environment.
I came across this study on sales forecasting and seasonality. They used data on consumer expenditure patterns to forecast special events so they could plan. What they did was show that it is possible to predict different components in the market with a degree of accuracy. Using Statistics for Market Forecasting
You can get a nice table of different business stats. I looke through them and it appears you can gain significant market data from them. Small Business Market Research
-Consumer Spending + .5% Sept. 2024
-The Federal Reserve Federal Funds 4.8% Interest Rate and Bank Prime 7.75%
-Consumer Price Index +.2% Oct. 2024
No comments:
Post a Comment