BUSINESS FORECASTING TECHNIQUES

PRESENTATION ON

FUTURE INCREMENT IN SUBSCRIPTION BASE FOR SOCIAL NETWORKING SITE IN THE MONTHS NOV.,DEC.,JAN.

FEW FACTS ABOUT THE COMPANYFOUNDED IN 2OO4 BY

Mark ZuckerbergChris HughesDustin MoskovitzEduardo 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 YEAR’S GROWTH ITS NOT LOOKING DOWN .JUST UP & UP.

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

ESTIMATION

WE FORECASTED THAT NO. OF FACEBOOK USERS IN :-NOV 2010 - 619.155 MILLIONDEC 2010 - 647.365 MILLIONJAN 2011 – 675.575 MILLION

`

THANK YOU

SUBMITTED BY:

MITESH BARDE [IM2K7-51]MITESH SHROFF[IM2K7-52] RITESH RASTOGI[IM2K7-76]

SOUVIK PAUL[IM2K7-92]