MNCs tend to make only limited use of technical forecasting as it focuses on near future. Do you agree with this statement? Justify your answer by discussing various alternative methods of forecasting.

I am not agree with statement that MNC''s tend to make only limited use of technical forecasting as it focus on near future because MNC's not look only to near future but also consider longer period.

Organizations normally uses following methods of forecasting to fulfil their goal;

1.Straight line method where past data is taken and simply do forecasting.For example if sale increase 3% in 2020 by this method it will also 3% in 2021.

2.Moving average method which is also called repeated forecasting.Invthis case data is kept in tabular form and 3 months  5 months moving average.

3.Simple regression analysis is used to explain relationships between variables for forecasting.

Apart from above multiplier regression analysis is used for forecasting.So MNC's should use above mention to make forecasting to achieve their goal.