Managers should learn how to use stastiscal techniques to time, and forecast, as

Question

Managers should learn how to use stastiscal techniques to time, and forecast, as accurately as possible, changes in basic micro and macroeconomic factors. They should make good use of accountants, who can supply the financial statements that enables managers to monitor the performance of the firm. In other words, the best managers know how to use all available tools and how to put together different sources of information to achieve the most effective investment and financial planning strategies and objectives for the firm. What do you think

Explanation / Answer

The manager should be able to use all stastical techniqes to time,and forecast the future by caleculating the micro and macroenomic factors. he should consider all the things related to the investment ,raising of funds of the last year should be stadied as mush as he can and than by useing all the information gathered by him he should take the decission for effective investment and financial planning strategies and objectves for the firm .this is me view.

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