Strategic resources to different type of forecasting

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Reference no: EM131632095

1. How can we possibly expect to create meaningful forecasts in a world in which a tiny, seemingly unrelated event can have enormous impact half a world away? What does this mean in terms of allocation of a company's strategic resources to different types of forecasting problems? (Or does this mean that we shouldn't expend any resources on forecasting?)

2. Describe the forecast goal, horizon.

Reference no: EM131632095

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