Flashcards
Flashcards for content: 3.3
Cards in this deck (24)
- 1Quantitative sales forecastingCalculation of time series analysis:
moving averages (3 period/4 quarter), interpretation of scatter graph and line of best fit, extrapolation of past data to future. - 2CentringA method used in the calculation of a moving average is plotted or calculated in relation to the central figure.
- 3CorrelationThe relationship between two sets of variables.
- 4Correlation coefficientA measure of the extent of the relationship between two sets of variables. (you will not have to work this out but may have to interpret it)
- 5Moving averageA succession of averages derived from successive segments (typically of constant size and overlapping) of a series of values.
- 6Scatter GraphA graph showing the performance of one variable against another independent variable on a variety of occasions. It is used to show whether a correlation exists between the variables.
- 7Time series analysisA method that allows a business to predict future levels from past figures.
- 8Investment AppraisalThe evaluation of an investment project to determine whether or not it is likely to be worthwhile.
- 9Payback periodThe amount of time it takes to recover the cost of an investment project.
- 10Average rate of return (ARR) (accounting rate of return)A method of investment appraisal that measures the net return per annum as a percentage of the initial spending.
- 11Net Present Value (NPV)The present value of future income from an investment project, minus the cost.
- 12Present ValueThe value today or a sum of money available in the future business.
- 13Discounted cash flow (DCF) Method [also called net present value method]A method of investment appraisal that takes interest rates into account by calculating the present value of future income.
- 14Net Cash FlowCash inflows minus cash outflows.
- 15Capital costThe amount of money spent when setting up a new venture.
- 16Decision TreeA technique which shows all possible outcomes of a decision.
- 17Critical path analysis (CPA) / network analysisA method of calculating the minimum time required to complete a project, identifying delays which could be critical to its completion.
- 18Critical PathThe tasks involved in a project which, if delayed, could delay the project.
- 19NodesPositions in a network diagram which indicate the start and finish times of a task.
- 20Network diagramA chart showing the order of the tasks involved in completing a project, containing information about the times taken to complete tasks.
- 21Earliest start timeHow soon a task in a project can begin. It is influenced by the length of time taken by tasks which must be completed before it can begin.
- 22Latest finish timeThe latest time that a task in a project can finish.
- 23Total float
- 24Free float
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- Flashcards on Flashcards for content: 3.3, created by J Brookes on 14/06/2017.
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- J Brookes
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