Business Forecasting

In a three- to four-page paper (not including the title and reference pages), analyze the two alternative perspectives on forecasting. Be sure to include the following:

•A description of the subjective and objective methods and their applications to the forecast.

•A description of a procedure to evaluate the effectiveness of a particular method’s output/predictions.

•A description of the similarities and differences of subjective and objective forecasting.

•A description of the methods of application or use of forecasts to support production. Be sure to address how the deliverables relate to production.