Question: What are some key considerations when using the market - based approach to forecasting? Select all that apply. 1 . Focusing primarily on the company's

What are some key considerations when using the market-based approach to forecasting? Select all that apply.
1.Focusing primarily on the company's internal data sources, such as financial statements and sales reports, to ensure the accuracy of market share and revenue margin assumptions
2.Gathering industry data from a single, authoritative source to streamline the forecasting process and ensure consistency
3.Adjusting forecasts based on changes in the competitive landscape and market conditions, but only on an annual basis to maintain stability
4.Selecting industry data that closely aligns with the company's specific business model and target market to enhance the relevance and reliability of forecasts
5.Documenting and sharing the sources used for external estimates and industry projections to promote transparency and facilitate collaboration among stakeholders

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