Question: 1) Should we take random variations seriously when developing forecasting model? 2) What should we do with erratic variations when developing forecasting models? 3) When

1) Should we take random variations seriously when developing forecasting model?

2) What should we do with erratic variations when developing forecasting models?

3) When the political climate of a nation changes, other people's habit of consuming certain products or resources also alter. WHat type of movement would this be in terms of the forecasting model

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