Forecasting” Please respond to the following:
- 1. Compare and contrast the major strengths and weaknesses of analytic and nonanalytic forecasting. Provide one (1) example of each method being used in a real-world scenario to support your answer.
- 2. Discuss the importance of the four (4) guiding principles of forecasting. Next, select one (1) principle and discuss how to apply it in a real world scenario.
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