StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Weekly Reflection - Economic Forecasting Paper - Essay Example

Cite this document
Summary
List of historical resources that help in ascertain the historical economic data in combination with economic forecast include mainly labour and associated raw materials. Consideration of historical Trans Atlantic reveals extensive exchange of slaves, combined goods for…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Weekly Reflection - Economic Forecasting Paper
Read Text Preview

Extract of sample "Weekly Reflection - Economic Forecasting Paper"

Weekly Reflection - Economic Forecasting Paper List of historical resources that help in ascertain the historical economic data in combination with economic forecast include mainly labour and associated raw materials. Consideration of historical Trans Atlantic reveals extensive exchange of slaves, combined goods for instance, cotton, guns and brass (Phillips, 1985). The slaves provided much valued labour in plantations in north and South America. A ship sailed to Africa to acquire slaves carried a big cargo connected with mixed products, such because cotton, metal pans and also guns.

Just read was exchanged pertaining to enslaved Africans, who were shipped throughout the Atlantic Ocean to south America and the actual Caribbean. Here we were holding set to operate on the actual plantations (large parts of land possessed by Europeans wherever crops were being grown). The ships’ boat captains would purchase goods to look at back to be able to Europe. These could be goods made by slave labour on the plantations. We were holding tobacco, sweets, indigo (a plant for dye), rice, rum and also cotton (Phillips, 1985).

The value of each resource was relevant in prompting the continuity of the trade.Slaves provided labour to huge American plantation at low or no cost. These farms produced raw materials that were required for the ever-growing American industrial sector. The beads would have to be bought abroad for sale to The African continent. The main suppliers were the town of Venice in Italy and also Bohemia (in whats today Czechoslovakia). Much on the brassware produced in Bristol were sold to slave traders for African market place.

Guns were being mostly bought on the makers in Birmingham, but gunpowder was made in Bristol. The particular African dealers, with who the Bristol dealers were doing work, wanted goods that had been not obtainable in Africa. Copper had been highly revered by West Africans: it is called the actual ‘red platinum of Africa’. Africa traders as a result happily accepted brass products, brass being an alloy or mix of copper and also zinc. They can buy that from Eu traders in blocks that may be melted because of make ornamental items.

Europeans created brass ‘manilas’, which has been brass moulded right bracelet shape. These became a variety of money in West African continent. African dealers would additionally buy items produced from brass pertaining to everyday utilize, such for the reason that one pictured right here. Main qualitative and subsequent quantitative forecasting factors included the relevant estimations, possibly be taken by using an individual schedule in evaluation of the feasibility and also profitability.

Quantitative factors and statistics on the sales, being nearer to consumers can estimate potential sales within their own areas, more correctly. Based on these along with the opinions connected with sales supervisors, reasonable trends for the future sales may be calculated. These estimates are perfect for short assortment planning since sales agents are not really sufficiently advanced to foresee long-term developments. Consumers expectations, this approach involves a new survey on the customers about their potential needs (Anderson, 2008).

This week’s objectives of our team are to determine is to evaluate the significant contribution of every continent in shaping the economical destination of each individual continent. The consideration of the market and production regions globally which determines the eventual balance of the international trade (Shumway, 2011).ReferencesAnderson, D. R. (2008). Quantitative methods for business. Mason, OH: Thomson/SouthWestern.Phillips, W. D. (1985). Slavery from Roman times to the early transatlantic trade.

Manchester: Manchester University Press.Shumway, R. (2011). The Fante and the transatlantic slave trade. Rochester, NY: University of Rochester Press.Vasigh, B., Fleming, K., & Tacker, T. (2013). Introduction to air transport economics: From theory to applications. Farnham, Surrey, England: Ashgate.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Weekly Reflection - Economic Forecasting Paper Essay”, n.d.)
Weekly Reflection - Economic Forecasting Paper Essay. Retrieved from https://studentshare.org/macro-microeconomics/1644419-weekly-reflection-economic-forecasting-paper
(Weekly Reflection - Economic Forecasting Paper Essay)
Weekly Reflection - Economic Forecasting Paper Essay. https://studentshare.org/macro-microeconomics/1644419-weekly-reflection-economic-forecasting-paper.
“Weekly Reflection - Economic Forecasting Paper Essay”, n.d. https://studentshare.org/macro-microeconomics/1644419-weekly-reflection-economic-forecasting-paper.
  • Cited: 0 times

CHECK THESE SAMPLES OF Weekly Reflection - Economic Forecasting Paper

Planing and Forcasting

Title: Instructor Name: Date: Abstract: Planning and forecasting are two of the most effective and commonly used tools in the field of business and management.... Introduction and scope of implementation: The two tools of planning and forecasting are not limited to any specific field or circumstances; rather they find their application in small scaled organization, and small scale projects, to large scale.... forecasting in the same parameter pertains to the foreseeing and assessing the situation and variables in accordance with the future prospect....
10 Pages (2500 words) Research Paper

Statistical Forecasting in Business

The present paper "Statistical Forecasting in Business" dwells on the concept of forecasting in business.... According to Lapide, business forecasting models which include moving averages, simple averages, exponential smoothing and some decomposition.... On the other hand, regression analysis in business forecasting answers the question “by how much”.... (2000), business forecasting is normally completed through the application of data mining processes where models are used to predict future using existing/historical data from which business potential if projected based on different business activities as well as transactions....
4 Pages (1000 words) Term Paper

Business and Economic Forecasting

Business forecasting: a practical approach.... Business forecasting with ForecastXTM (6th ed.... Hence, there can be different economic scenarios during different economic times.... For instance, during the economic boom the increase in wage rates will not have strong negative impact on the economy, as the people will be ready to pay more for the products....
2 Pages (500 words) Research Paper

The Use of Forecasting

This paper focuses on how expense forecasting can be used as a valuable tool when facing… According to the Laureate Education Inc (2012), expense forecasting is a tool that predicts what an organization will have spent over a specific period of time.... This paper focuses on how expense forecasting can be used as a valuable tool when facing challenging financial decisions.... After a better The Use of forecasting The Use of forecasting Introduction It is imperative for nurse leaders to understand all aspects relating tomoney in their departments....
2 Pages (500 words) Term Paper

Impact of Forecasting Demand in Food and Beverage Service Organisation

The "Impact of Forecasting Demand in Food and Beverage Service Organisation" paper states that the food and beverage service business is a risky business if not planned properly.... The demand for food and beverages can vary periodically because of the changing economic conditions....
6 Pages (1500 words) Research Paper

Best Strategy Ignoring the Predictions of HB Forecasting Team

The author states that for predicting important figures like the demand for banking services in an economic environment, the bank can seek the opinion of the economists.... These factors are based on macro-economic conditions and have a significant influence on the investment behavior of the people.... However, the management board of the bank is mainly considering the prospect of economic recovery and regulatory approval by the authorities.... The choice of the ideal strategy should be based on the regulatory restrictions and the pattern of economic recovery....
12 Pages (3000 words) Term Paper

The Comparison of Economic Growth in Uruguay and Argentina

The author of this term paper "The Comparison of Economic Growth in Uruguay and Argentina" states that glide path luggage handling centers on sophisticated luggage carrying equipment in airports.... This paper examines the macroeconomic situations of two South American that is, Uruguay and Argentina that are contemporarily soaring in diverse economic segments.... nbsp;These services are essential for airports in countries that are optimistic about their economic growth....
9 Pages (2250 words) Term Paper

Government Should Be Responsible for Forecasting Tornado

They indicate that forecasting will cause panic among individuals in the state, and then they rule out the idea that the government should take up such responsibility.... With this in mind, forecasting is necessary for such situations.... Even though it is not a perfect system, the government should take the responsibility of forecasting tornadoes and alarming people.... 24) Therefore, it's important that the government be responsible for forecasting and giving warnings to people that is about tornadoes....
5 Pages (1250 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us