Reduce total mileage of fleet by 2 percent -CO2 tons per 5000 miles:3 -Average MPG per vehicle:12 -Vehicles in the fleet:50 -Average miles per vehicle:25000 -Fuel cost per gallon:$3.25 Q1) if successful, the total reduction in miles for the year will be? Q2) The total savings for the year is estimated as ___ dollars Q3) When asked if there are any environmental benefits in achieving your performance objective, you can state that CO2 émission for thé year Will be reduced by___ metric tons.

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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.