Explanation about the nature of forecasting when its periods are farthest into the future. Forecasting: It the technique of predicting future events based on historical information and projecting them into the future using a mathematical model. Forecasting may be an intuitive or subjective forecast.

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Chapter 4, Problem 21DQ

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To determine: Explanation about the nature of forecasting when its periods are farthest into the future.

Forecasting: It the technique of predicting future events based on historical information and projecting them into the future using a mathematical model. Forecasting may be an intuitive or subjective forecast.

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