1. Forecasting
1.1) Give three examples showing why a business needs to forecast.
1.2) Identify the key differences between qualitative and quantitative forecasting methods. Which is better in your opinion and why?
1.3) What are the main types of data patterns? Give examples of each type
1.4) Discuss the basic differences between the mean absolute deviation (MAD) and the standard error of the estimate.
1.5) How is the moving average method similar to exponential smoothing?
1.6) What is the difference between linear and multiple regression?
1.7) Describe the different assumptions of time series and causal models.