Using the Steps in the Forecasting Process outlined on pages 274 and 275 of text Budgeting Basics and Beyond (Shim & Siegel, 2012), proceed through each of the first four steps for the organizational area you selected and post your work for each step. For Step #3, select both a qualitative and a quantitative forecasting method and provide the reasoning behind your choice. For Step #4, simply indicate how you would gather the data. Also address the following in your post:

• Which type of forecasting tool seemed more appropriate for the organization you selecteda qualitative or quantitative tool? Why? What do you see as the advantages and disadvantages of each?