The forecast should be cost-effective: The benefits should outweigh the costs. 2. Outline the steps in the forecasting process. -1. Determine the purpose of the forecast. 2. Establish a time horizon.

Factors such as promotional activities and the challenge of managing numerous variables with limited data can complicate the forecasting process [3]. The literature suggests that while causal ...

But even amid market turbulence, forecasting can help companies safely predict monthly and quarterly sales. Developing a better process for visibility can lead to more accurate sales predictions.

This uncertainty is expected and a typical part of the forecast process when looking more than a week out. The American forecast model (GFS) brings shower chances to the area on Friday ...