XYZ company, an international company headquartered in Dubai, has many branches across different countries. It uses information technology to be in regular contact with its various raw materials suppliers around the world. The company decides to downsize in order to decrease cost and increase efficiency, so eventually the number of employees will also decrease.Among organizing positions will decrease.* trends, due to downsizing, the number of Staff O Line O Suppliers O Investors

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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.