Question
Discuss Wilson's nine-step forecast process, and explain why each step is important to the results: 1. Specify objectives 2. Determine what to forecast 3. Identify
Discuss Wilson's nine-step forecast process, and explain why each step is important to the results:
1. Specify objectives
2. Determine what to forecast
3. Identify time dimensions
4. Data considerations
5. Model selection
6. Model evaluation
7. Forecast preparation
8. Forecast presentation
9. Tracking result
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Wilsons ninestep forecast process is a structured approach to developing accurate and useful forecasts Each step is important as it contributes to the overall accuracy and reliability of the forecast ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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