Weaknesses of analytic and nonanalytic forecasting

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"Forecasting" Please respond to the following:

Compare and contrast the major strengths and weaknesses of analytic and nonanalytic forecasting. Provide one example of each method being used in a real-world scenario to support your answer.

Discuss the importance of the four guiding principles of forecasting. Next, select one principle and discuss how to apply it in a real world scenario.

Reference no: EM132671086

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