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ABSTRACT
The objective of this study is to forecast the domestic water needs for the Northern Malaysia until the year 2010. The IWR-MAIN software was used in this study. The Constant Use Rate Model and the Build Forecast Model were explored in this study. The forecast is done based on targets outlined in Kedah Action Plan 2010, which intends to transform the Kedah state to become a developed state by the year 2010. It is assumed that the high performance targets outlined in Kedah Action Plan can be achieved by the year 2010. The fore ....etc

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Demand Forecasting: Time Series Models

PResented By:
Professor Stephen R. Lawrence
College of Business and Administration
University of Colorado



Forecasting Horizons
Long Term
5+ years into the future
R&D, plant location, product planning
Principally judgement-based


Medium Term
1 season to 2 years
Aggregate planning, capacity planning, sales forecasts
Mixture of quantitative methods and judgement


Short Term
1 day to 1 year, less than 1 season
Demand forecasting, staffing levels, purc ....etc

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All non-price factors determine the demand. Whereas price determines the quantity demanded. Cost of production, number of suppliers and people's preferences can all affect the demand for detergents ....etc

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Economic forecasting, predicting any of the elements of economic activity. Such forecasts can be made in great detail or can be very general. In any case, they describe the expected future behavior of all or part of the economy and help form the basis of planning.

Formal economic forecasting is usually based on a specific theory about how the economy works. Some theories are complicated, and their application requires elaborate cause and effect tracking. Others are relatively simple, attributing the majority of developments in the economy to ....etc

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