Formal Forecasting in British Industry Available to Purchase

This article is based on a questionnaire survey of seventy‐six British manufacturing companies, chosen by circularising members of the Institute of Cost and Management Accountants who hold senior management positions within their organisations. 54 per cent of the respondents completing the questionnaire were Financial Directors, the remaining responses coming from Managing Directors and other senior executives. The questionnaire concerned numerous aspects of the use of formal forecasting techniques in British industry, but our concern here will be mainly with those aspects which involve the finance function.