Choose $2$ quantitative elements that you would like to research concerning the organization you selected for your business plan. These elements may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest. However, at least one of these elements should be related to a product or service your organization plans to offer.

My selected quantitative elements are competition and the target market for McDonald's.

Develop forecasts by implementing the following approach:

$$ Collect data, including old demand forecasts $($subjective data$)$ and the actual demand outcomes.

$$ Establish the forecasting method $($from readings$).$ Decide on the balance between subjective and objective data and look for trends and seasonality.

$$ Forecast future demand using a forecasting method.

$$ Make decisions based on step $3.$

$$ Measure the forecast error where applicable. Look for biases and improve the process.

Please assist with $400$ word paper evaluating the findings from the supported data points above and explain the impact of these findings on operational decision$-$making. Give an few charts and supporting data from Excel and other tools