Question: Please answer the questions. Please Quote references to substantiate your answers, and so that I may see for further information. Forecasting is both an art

Please answer the questions. Please Quote references to substantiate your answers, and so that I may see for further information.

  1. "Forecasting is both an art and a science." Discuss with particular reference to Panel Consensus and Econometric Method.
  2. Please name at least three economic principles in Managerial Economics which you believe will contribute to one's profit-maximizing management decision making.

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