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Define the purpose of the forecast

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Reference no: EM131294026 , Length:

Consider you need to conduct a business forecast.

Describe your forecast process according to the following steps:

- Define the purpose of the forecast o Establish a time horizon

- Select a forecasting technique o Gather and analyze relevant data

- Perform the forecasting process o Evaluate the results.

Please make sure to describe all steps in the context of your problem.

Your essay should have a minimum of 300 and a maximum of 800 words. You can make use of figures and/or charts as you see fit to help explaining your writing

Verified Expert

This is a 300 words assignment that talks about conducting a business forecast. Forecasting is basically a decision making process that uses historic data so as to determine the direction of the future trends. Various aspects and techniques involved in the forecasting process was highlighted and defined along with their significance. The work is written in Microsoft word with AA style of referencing and incited references.

Reference no: EM131294026

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