1. Briefly describe the steps used to develop a forecasting system.
2. What is a time-series forecasting model?
3. What is the difference between a causal model and a time-series model?
4. What is a qualitative forecasting model, and when is using it appropriate?
5. What is the meaning of least squares in a regression model?
6. What are some of the problems and drawbacks of the moving average forecasting model?