Question: 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

"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.Provide some examples of time series that exhibit

a.trends.

b.seasonal patterns.

c.cyclical patterns."

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