precasted sales for year 6 using a 3-ye.

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A: Hello thank you for the question. As per guidelines, we would provide three sub-parts at a time.…

Q: is based on the principle of using only the last observation in a sequence of stable data as a…

A: Naive forecast is used to set all the value as the last observation value for the next period,…

Q: List the types of forecasts?

A: Forecasting refers to the techniques that are used for making the prediction based on the present…

Q: What type of report along with the specific contents of the report should the Accounts department…

A: Reports refers to arrangement of data in systematic manager in order to drive at an outcome.

Q: The marketing manager of a company that manufactures and distributes farming equipment (such as…

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A: From the given chart the approximate values are given below.

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A: Target Population (P) = 200,000 Impressions (I) = 20,000

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Q: Suppose that you are using the four-period weighted moving average forecasting method to forecast…

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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.