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1.Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts? 2.Suppose that you were thinking about opening a

"1.Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts?

2.Suppose that you were thinking about opening a new restaurant. How would you go about forecasting demand and sales?

3.Provide some examples of time series that exhibit

a.trends.

b.seasonal patterns.

c.cyclical patterns."

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1 Forecasting issues in daily life and how to make forecasts In daily life we often need to make forecasts or predictions about various aspects of our lives Some common forecasting issues we may encou... blur-text-image

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