How steps to forecasting apply to business methods


Problem 1) Describe in your words the eight steps to forecasting and how they apply to business methods.

Problem 2) The decomposition approach to forecasting (using trend and seasonal components) may be helpful when attempting to forecast a time-series. Could an analogous approach be used in a multiple regression analysis? Explain briefly.

Both need to be in APA format and at least 200 words.

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