Consider you need to conduct a business forecast.
Describe your forecast process according to the following steps:
- Define the purpose of the forecast o Establish a time horizon
- Select a forecasting technique o Gather and analyze relevant data
- Perform the forecasting process o Evaluate the results.
Please make sure to describe all steps in the context of your problem.
Your essay should have a minimum of 300 and a maximum of 800 words. You can make use of figures and/or charts as you see fit to help explaining your writing