You are a junior accountant at XYZ Manufacturing Company, and your supervisor has assigned you the task of preparing the operational budget for the upcoming fiscal year. As part of your assignment, you need to consider a range of forecasting techniques to ensure the accuracy and reliability of the budget. Read the scenario below, then answer the question that follows. Scenario XYZ Manufacturing Company is a leading manufacturer of electronic devices. The company is planning its operational budget for the next fiscal year, and your supervisor has asked you to gather information and analyse various forecasting techniques to assist in the budgeting process. The company has experienced fluctuations in demand for its products in the past due to changing market conditions and technological advancements. Your task is to identify and explain different forecasting techniques that can be used to predict sales and other relevant factors for the budget preparation. You are also expected to recommend the most appropriate forecasting technique(s) based on the scenario. Question Considering the historical data and market trends, which forecasting technique is best suited for predicting sales of XYZ Manufacturing Company's electronic devices? Explain your