In order to predict future demand, a forecasting process combines data from the market, internal operations, and the wider business environment.
<h3>What really happens during a forecast?</h3>
The process of forecasting entails creating predictions based on historical and current data. These can then be contrasted (resolved) with what actually occurs. For instance, a business can predict its revenue for the following year and then contrast that prediction with the actual outcomes. A comparable but more broad phrase is prediction.
The five stages for forecast,
- Step 1 is to define the issue.
- Step 2: Information gathering.
- Step 3: First exploratory analysis.
- Step 4: Choosing and fitting models
- Step 5: Utilizing and assessing a forecasting model
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Denmark is a good example of a nation-state because nearly all Danes speak D.anish and live in Denmark.
<h3>What is
nation-state?</h3>
Basically, a nation-state refers to sovereignty or state that is ruled in the name of a community of citizens that identify themselves as a nation.
Generally, the main component of a nation-state is presence of only one culture and language.
Therefore, the Option A is correct.
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Answer:
Occasion
Explanation:
Segmenting: It is a marketing technique of dividing the marketplace into different segment to implement any marketing plan or introducing new product. These segments should be defined, accessible, actionable and profitable.
There are four type of market segmentation:
- Demographic
- Pshychographic.
- Behavioral.
- Geographic.
Occasion segmentation is one of the way of behavioral segmentation as few market are segmented on the basis of specific occasion and product need to be introduced as per the need of the occassion as it uses customer buying behavior on the particular occasion. Similarly, in the case given the sale of turkey in US increases on the eve of Thanksgiving.
I think it's guessing from context? Hope I helped!
Answer:
a. 9.1 percent deflation between the first and second years, and 4 percent deflation between the second and third years.
Explanation:
To calculate the rate of inflation/deflation, we have to divide by the oldest price index.
The second year, the variation of the price index was:

This means a 9.1% deflation.
The third year, the variation of the price index was:

This means a 4% deflation.