Forecasting is a function in management to assist decision making. It
is also described as the process of estimation in unknown future situations. In a more general term it is
commonly known as prediction which refers to estimation of time series or longitudinal type data.
Gold is a precious yellow commodity once used as money. It was made illegal in USA 41 years ago,
but is now once again accepted as a potential currency. The demand for this commodity is on the rise.