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We gave a basic introduction to forecasting during class this week. Using the basic framework we...

We gave a basic introduction to forecasting during class this week. Using the basic framework we discussed, design a scenario in which you would need to predict something (demand, costs, sales etc...) and lay out your process for gathering the necessary data. Next, explain the process for taking the data you collect and drawing appropriate conclusions. Finally, walk through to process of presenting your findings and avoiding potential pitfalls.
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