Forecasting is an extremely important component of decision-making in any organization. It allows businesses to anticipate trends, allocate resources effectively, and mitigate risks. As I mentioned, I wanted to expand on a few approaches to forecasting and highlight some things for leadership to consider.Think about how they are currently forecasting and whether or not that forecasting is well researched and thought out. Is there any kind of analysis? Is there an actual approach, if so, what is it? Along with your readings, here are some different forecasting approaches to think through:Quantitative Forecasting: this is all on numerical data and statistical methods. Under this type of forecasting includes: Time Series Analysis, Regression Analysis, and Econometric Methods. (I taught Quantitative Methods several years ago and there are all kinds of tools to be used with this method).Qualitative Forecasting: this is using expert opinions and subjective judgements which includes the Delphi method, market research, and Scenario Planning.Casual Models: these include cause and effect relationships (we will learn more about this in later modules).What do leaders need to think about to make accurate forecasts?Data Quality: Not all data is the same. Make sure it's quality data!Careful of Biases: groupthink can cause bias decisions.Continuous Monitoring and Adjustment: Forecasting is not a one and done activity. It needs to be reviewed and adjusted regularly.Based on this information, how is Green Harvest doing?