Compare and contrast the major strengths and weaknesses of analytic and nonanalytic forecasting.

Forecasting” Please respond to the following:

  1.      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.

 

  1.      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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