Question: 1 . Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts? 2 . Suppose that you were

1. Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts?
2. Suppose that you were thinking about opening a new restaurant. How would you go about forecasting demand and sales?
3. If a manager asked you whether to use time-series forecasting models or regression-based forecasting models, what would you tell him or her?

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