This week we learned about forecasting, various methods to approach forecasting and its use as a tool in management decisions.

Reflecting back to the lecture and your readings, answer the following prompts:

• Explain if forecasting is/is not an approach that is nearing an exact science.
• Describe what forecasting model is most appreciate and how you can see using it in your workplace.
• Is the quantitative or qualitative approach, or both, are most precise? Explain why.