Activity 2: KWL Chart Direction: using the KWL chart, Write what you know about marketing. Write in the What Know column. Write the things that they want to know in the What I Want To know column in the form of questions. Once done, Please fill the column What I Learned of the things that have added to your knowledge in marketing using the picture below. Please Answer it shortly, Marketing Sales Process Process $$$ FOLLOW UP-FOLL OW THRO UGH K-W-L CHART What I Know What I Want to Know What I Learned sun escas

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Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.