The forecast for period 4 = 108.3. Businesses can use forecasting to help them make wise decisions about their operations.
What is business forecasting?
- Businesses can use forecasting to help them make wise decisions about their operations.
- Financial projections are essentially educated estimates, and there are dangers in depending on historical data and analytical techniques that exclude some variables.
- Both qualitative and quantitative models are used in forecasting strategies.
- Businesses utilize forecasting to assist them in creating their business plans.
- In order to find trends, historical data is gathered and examined. Today's corporate forecasting techniques have been revolutionized by big data and artificial intelligence.
- A business forecast can be created using a variety of techniques. Both qualitative and quantitative approaches can be applied to any process.
- The forecast for period 4 = (100+110+115)/3
- The forecast for period 4 = 108.3
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