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Learning Outcomes: To explore the problems involved with real life forecasting and to understand how forecasting impacts on business decisions. Task: 1. Discuss in general terms how forecasting might be used for planning, to address the specific problems raised in the article below. Include in your discussion the types of forecasting methods that might be used. 2. Describe in detail and justify a forecasting approach for the major variables that impact this company’s business 3. What other variables could be relevant in forecasting for this business. 4. Give a worked example of how you could test the validity of your results for each of your forecasts. 5. Show evidence of research and use correct referencing

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