Forecasters use different forecasting techniques to determine the various things that might impact future revenue. Compare and contrast the different forecasting models (status quo model, extrapolation model, judgmental or brainstorming model. Delphi model, time-series model multiple regression model, and econometric models), paying particular attention as to under what circumstances each model is the most effective and the pros and cons of each model.

Discuss the following:

1. Compare and contrast the different models
2. Assess which model is the most appropriate for forecasting revenue.
3. Create an example showing how the model you selected might be used to project future revenue