Question: Describe a situation with which you are familiar (for example from your job or other life experience) where producing a forecast might be useful. Why

Describe a situation with which you are familiar

Describe a situation with which you are familiar (for example from your job or other life experience) where producing a forecast might be useful. Why is the forecast needed (what sort of future values are unknown? what sorts of decisions must be made based on these values? etc.) What type of forecasting technique would be most appropriate? (consider the purpose, the time horizon, what sort of data might be available, etc.)

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