Explain the benefits of using a forecasting system


1. What is forecasting? What are the 7 steps of forecasting? Give an example or two of how forecasting is used in our personal and professional lives. Explain the benefits of using a forecasting system

2. Please explain what is meant by the moment of truth in service design. Why is it so important for businesses to understand this concept? Can you apply this concept to an experience that you have had when purchasing a service?

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Operation Management: Explain the benefits of using a forecasting system
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