Different types of forecasts use by a company
Question: Identify the different types of forecasts that can be developed for use by a company. Cite examples of how a company might use a particular forecast method and explain why that type of forecast was best suited for that situation.
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Consider the effect this alignment has had on sustaining good business strategy.
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Solve Illustrative Problem below with p = 0.1, 0.3, 0.7, 0.99. Compare the results and comment on the effect of p on the resulting distortion.
Identify the different types of forecasts that can be developed for use by a company.
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