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vaibhav priyes

The document presents a forecast for growth in the subscription base of the social networking site Facebook for the months of November, December, and January. It summarizes the founding of Facebook by Mark Zuckerberg and others in 2004. Using the least squares method of forecasting technique and collecting data, the presentation estimates that the number of Facebook users will be 619.155 million in November 2010, 647.365 million in December 2010, and 675.575 million in January 2011.

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BUSINESS FORECASTING TECHNIQUES PRESENTATION ON FUTURE INCREMENT IN SUBSCRIPTION BASE FOR SOCIAL NETWORKING SITE IN THE MONTHS NOV.,DEC.,JAN.
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FEW FACTS ABOUT THE COMPANY FOUNDED IN 2OO4 BY Mark Zuckerberg Chris Hughes Dustin Moskovitz Eduardo Saverin These 4 were college roommates and computer science students at harvard university.
GROWTH OF THE COMPANY THE GROWTH OF THE COMPANY HAS BEEN PHENOMENAL IN TERMS OF SUBSCRIPTION. FROM HARVARD TO HIGH SCHOOLS AND THEN CAPTURING THE WHOLE WORLD. FACEBOOK IS THE MOST POPULAR SOCIAL NETWORKING SITE TODAY. IF WE TAKE A LOOK ON THIS YEARS GROWTH ITS NOT LOOKING DOWN .JUST UP & UP.
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SOME VERY INTERESTING FACTS
FORECASTING TECHNIQUE LEAST SQUARE METHOD HAS BEEN USED. The method of least squares is a standard approach to the approximate solution of overdetermined systems i.e. sets of equations in which there are more equations than unknowns. "Least squares" means that the overall solution minimizes the sum of the squares of the errors made in solving every single equation.
FORMULAES USED
DATA COLLECTED
SUMMATION OF DATA
SOLVING a & b
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ESTIMATION WE FORECASTED THAT NO. OF FACEBOOK USERS IN :- NOV 2010 - 619.155 MILLION DEC 2010 - 647.365 MILLION JAN 2011 675.575 MILLION
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THANK YOU SUBMITTED BY: MITESH BARDE [IM2K7-51] MITESH SHROFF[IM2K7-52] RITESH RASTOGI[IM2K7-76] SOUVIK PAUL[IM2K7-92]

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Bft

  • 1. BUSINESS FORECASTING TECHNIQUES PRESENTATION ON FUTURE INCREMENT IN SUBSCRIPTION BASE FOR SOCIAL NETWORKING SITE IN THE MONTHS NOV.,DEC.,JAN.
  • 4. FEW FACTS ABOUT THE COMPANY FOUNDED IN 2OO4 BY Mark Zuckerberg Chris Hughes Dustin Moskovitz Eduardo Saverin These 4 were college roommates and computer science students at harvard university.
  • 5. GROWTH OF THE COMPANY THE GROWTH OF THE COMPANY HAS BEEN PHENOMENAL IN TERMS OF SUBSCRIPTION. FROM HARVARD TO HIGH SCHOOLS AND THEN CAPTURING THE WHOLE WORLD. FACEBOOK IS THE MOST POPULAR SOCIAL NETWORKING SITE TODAY. IF WE TAKE A LOOK ON THIS YEARS GROWTH ITS NOT LOOKING DOWN .JUST UP & UP.
  • 8. FORECASTING TECHNIQUE LEAST SQUARE METHOD HAS BEEN USED. The method of least squares is a standard approach to the approximate solution of overdetermined systems i.e. sets of equations in which there are more equations than unknowns. "Least squares" means that the overall solution minimizes the sum of the squares of the errors made in solving every single equation.
  • 14. ESTIMATION WE FORECASTED THAT NO. OF FACEBOOK USERS IN :- NOV 2010 - 619.155 MILLION DEC 2010 - 647.365 MILLION JAN 2011 675.575 MILLION
  • 15. `
  • 16. THANK YOU SUBMITTED BY: MITESH BARDE [IM2K7-51] MITESH SHROFF[IM2K7-52] RITESH RASTOGI[IM2K7-76] SOUVIK PAUL[IM2K7-92]