Question: a) The forecast process begins with a need to make one or more decisions that depend on the future value of some variable. Think about

a) The forecast process begins with a need to make one or more decisions that depend on the future value of some variable. Think about this as it relates to the daily weather forecast you hear, and write a list of five decisions that might depend on such a forecast.

b) Why do you think communication between the person preparing a forecast and the forecast user is important? Give several specific places in the nine-step forecast process where you think such communication is especially important and explain why.

Subject Matter: Business Management Fluctuations / Forecasting methods and uses

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