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Setting an advertising budget is a forecasting exercise. What are the fundamental principles that should be adhered to when undertaking forecasting? Be conservative and use

Setting an advertising budget is a forecasting exercise. What are the fundamental principles that should be adhered to when undertaking forecasting?

Be conservative and use the best evidence-based technique available

Be innovative and use multiple methods and choose the optimal one

Be conservative and use multiple evidence-based techniques, taking the average result

Be innovative and use multiple evidence-based techniques, taking the average result

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