Question: 1 ) Identify and describe the two ( 2 ) general forecasting approaches. 2 ) Identify the three ( 3 ) forecasting time horizons. State

1) Identify and describe the two (2) general forecasting approaches.
2) Identify the three (3) forecasting time horizons. State the appropriate duration for each.
3) Describe the steps involved in developing a forecast system.
4) Describe how Disney World uses forecasting to support their organization.
5) List and describe the 4 types of Times Series Components.

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