Forecasting can be defined as the process of predicting a future event in house$/$home$?$ on daily Kitchen household grocery items. like eggs, milk, meat, chicken, oil, bread etc Please note not on business or weather forecast.Questions$1.$ What types of events oroccurrences do you like to forecast on a regular basis?$2.$ Why do you need to develop a forecast for these?$3.$ Is your forecast based on yourexperiences of the past?$4.$ Is your forecast based on current online research?$5.$ Is your forecast related to how one variable can predict another?$6.$ On the other hand, is it a combination of the above three? $7.$ In gerenal, what does the timeframe of your prediction have to do with your forecast accuracy?