Question: Using the Discussion Board Rubric listed below for the specific grading criteria, develop a response to the following: Demand forecasting results in an estimate of

Using the Discussion Board Rubric listed below for the specific grading criteria, develop a response to the following: Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions. Since the future is unknown, it is expected that some errors between a forecast and actual demand will exist, so the goal of a good forecasting technique would be to minimize the difference between the forecast and the actual demand. Articulate the difference in short and long-term forecasts, forecasting techniques, and the benefits and challenges of each technique. Finally, create a forecast for a situation with which you are familiar (personal or professional) explaining the situation and why you choose the method of forecasting that you did

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