Question about forecasting models

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What assumptions are common to all forecasting models? For each assumption, explain how the usefulness of forecasts would be affected if the assumption was not true. Using an example of a specific business decision based upon a forecast, explain how and why it might make a difference to the decision-making process if the level of confidence in the forecast is a) very high, b) moderate, c) very low

Reference no: EM1371672

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