editedbook
Publication: IIP Proceedings Year: 2022, Month: November Page No: 11-16, ISSN/ISBN: 978-81-959356-3-5, DOI/Link: https://rsquarel.org/assets/docupload/rsl20231DBE1E785CA0E23.pdf
MATHEMATICS FOR FORECASTING GOLD PRICE
Area/Stream: Computing Technologies and Data Sciences, Authors: Dr. Vinay Pandit Keywords: Forecasting; quantitative techniques; qualitative techniques; Exponential Smoothing Analysis Book Name /series: Futuristic Trends in Computing Technologies and Data Sciences,Volume 2, Book 18, Part 1, Chapter 2Publication: IIP Proceedings Year: 2022, Month: November Page No: 11-16, ISSN/ISBN: 978-81-959356-3-5, DOI/Link: https://rsquarel.org/assets/docupload/rsl20231DBE1E785CA0E23.pdf
Abstract:
Abstract This work concentrates on forecasting model and highlights the role and importance of forecasting in current business environment. Forecasting allows the organizations to plan their activities as per the resources available. The research mainly highlights the quantitative technique exponential smoothing analysis of forecasting which is more accurate than qualitative techniques. This technique used in this research helped the researcher to forecast the price of gold for forthcoming years. Thus, the readers will have a concrete idea about the price of Gold in coming years. Our model suggested for year 2023 estimated gold price is Rs. 47695.60. The investor has clear opportunity to invest in gold market as the price of the Gold may reduce.
Cite this: Dr. Vinay Pandit,"MATHEMATICS FOR FORECASTING GOLD PRICE", Futuristic Trends in Computing Technologies and Data Sciences,Volume 2, Book 18, Part 1, Chapter 2, November, 2022, 11-16, 978-81-959356-3-5, https://rsquarel.org/assets/docupload/rsl20231DBE1E785CA0E23.pdf
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