What would be the difficulties associated with any or both

Reference no: EM131287721

1. Why would forecasting cost and output be important and how would it serve managers in their decision making?

2. Are there any noticeable differences between the methods of forecasting consumer demand and forecasting a firm's cost or output?

3. Are there any differences between estimating and forecasting the short-run variables and the long-run variables? What would be the difficulties associated with any or both?

Reference no: EM131287721

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