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Forecasting is both an art and a science. Discuss with particular reference to Panel Consensus and Econometric Method. Now that your study of Managerial Economics

  1. "Forecasting is both an art and a science." Discuss with particular reference to Panel Consensus and Econometric Method.
  2. Now that your study of Managerial Economics is concluding, name at least three economic principles which you believe will contribute to your profit-maximizing management decision making.

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