Lost$-$horse forecasting involves

Multiple Choice

selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.

starting with the last known value of the item being forecast, listing the factors that could affect the forecast, assessing whether they have a positive or negative impact, and making the final forecast.

following a prescribed set of $$directives$$ established before the research was even begun.

making estimates without any intervening steps.

admitting that the actions you have taken in the past have failed and removing those and similar actions from your list of alternatives.