Forecasting Essentials

Forecasts are important to making ______ decisions.

The level of demand may be a function of some ______ variation such as trend or seasonal variation.

Accuracy is related to the potential size of forecast ______.

In finance, forecasts are used for equipment/equipment replacement needs, timing and ______ of funding/borrowing needs.

In marketing, forecasts are used for pricing and promotion, e-business strategies, and ______ competition strategies.