details

1. BUSINESS
FORECASTING
TECHNIQUES
PRESENTATION ON
FUTURE INCREMENT IN SUBSCRIPTION BASE
FOR SOCIAL NETWORKING SITE
IN THE MONTHS NOV.,DEC.,JAN.

4. FEW FACTS ABOUT THE COMPANY
FOUNDED IN 2OO4 BY
Mark Zuckerberg
Chris Hughes
Dustin Moskovitz
Eduardo Saverin
These 4 were college roommates
and computer science students at
harvard university.

5. GROWTH OF THE COMPANY
• THE GROWTH OF THE COMPANY HAS BEEN
PHENOMENAL IN TERMS OF SUBSCRIPTION.
• FROM HARVARD TO HIGH SCHOOLS AND
THEN CAPTURING THE WHOLE WORLD.
• FACEBOOK IS THE MOST POPULAR SOCIAL
NETWORKING SITE TODAY.
• IF WE TAKE A LOOK ON THIS YEAR’S GROWTH
ITS NOT LOOKING DOWN .JUST UP & UP.

7. SOME VERY INTERESTING FACTS

8. FORECASTING TECHNIQUE
LEAST SQUARE METHOD HAS BEEN USED.
• The method of least squares is a standard
approach to the approximate solution of
overdetermined systems i.e. sets of equations in
which there are more equations than unknowns.
"Least squares" means that the overall solution
minimizes the sum of the squares of the errors
made in solving every single equation.

9. FORMULAES USED

10. DATA COLLECTED

11. SUMMATION OF DATA

12. SOLVING a & b

14. ESTIMATION
WE FORECASTED THAT NO. OF FACEBOOK USERS IN :-
NOV 2010 - 619.155 MILLION
DEC 2010 - 647.365 MILLION
JAN 2011 – 675.575 MILLION

15. `

16. THANK YOU
SUBMITTED BY:
MITESH BARDE [IM2K7-51]
MITESH SHROFF[IM2K7-52]
RITESH RASTOGI[IM2K7-76]
SOUVIK PAUL[IM2K7-92]