1. Compare and contrastthe major strengths and weaknesses of analytic and nonanalytic forecasting.
2. Provide one (1) example of each method being used in a real-world scenario to support your answer.
3. Discuss the importance of the following four (4) guiding principles of forecasting
Length -
Transparent -
Conservative -
plot and data -
4. Next, select one (1) of the pervious principle and discuss how to apply it in a real world scenario.
5. Compare the major strengths and weaknesses of the forecasting models
6. Outline the primary conditions in which regression is a useful and applicable forecasting tool.
7. Provide one (1) example of such a condition to support your answer.