The explanation about the nature of forecasting when its periods are farthest into the future. Introduction: Forecasting is a technique of predicting future events based on historical information and projecting them in to the future with a mathematical model. Forecasting may be an intuitive or a subjective forecast.

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Chapter 4, Problem 21DQ

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

Introduction:

Forecasting is a technique of predicting future events based on historical information and projecting them in to the future with a mathematical model. Forecasting may be an intuitive or a subjective forecast.

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