In Chapter 3 you were introduced to an Overview of Forecasting Methods. You will have learned that there are two broad categories of forecasting. Review both of these methods and then explain

ASSIGNMENT

In Chapter 3 you were introduced to an Overview of Forecasting Methods. You will have learned that there are two broad categories of forecasting. Review both of these methods and then explain:

How these two forecasting categories differ?
The principle forecasting methods employed in each category?
Advantages, disadvantages, and relative effectiveness of each method?