Planning long presence in Vietnam? We offer you analyzes and forecasts.
Understanding the trends and the economic environment will help you better prepare for a long period of implementation and deployment. We have documented cooperation with one of the best universities in Vietnam, where our staff led groups of MBA students in their analytical projects.
VBC utilizes a wide range of analytical tools that take into account the current legal, political and governmental long-term plans in our analyzes and forecasts.
Our analyzes and forecasts take into account a different business culture and the experience of meeting dozens of businessmen.
We are never optimistic. We never try to be pessimistic. We always show a wide range of realistic options and our analyzes and forecasts reflect it.
Understanding Business Forecasting
Companies use forecasting to help them develop business strategies. Financial and operational decisions are made based on economic conditions and how the future looks, albeit uncertain. Past data is collected and analyzed so that patterns can be found. Today, big data and artificial intelligence has transformed business forecasting methods.
There are several different methods by which a business forecast is made. All the methods fall into one of two overarching approaches: qualitative and quantitative.
Qualitative models have typically been successful with short-term predictions, where the scope of the forecast was limited. Qualitative forecasts can be thought of as expert-driven, in that they depend on market mavens or the market as a whole to weigh in with an informed consensus. Qualitative models can be useful in predicting the short-term success of companies, products, and services, but has limitations due to its reliance on opinion over measurable data. Qualitative models include:
Market Research Polling a large number of people on a specific product or service to predict how many people will buy or use it once launched.
Delphi Method: Asking field experts for general opinions and then compiling them into a forecast.