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Select two (2) forecasting techniques and compare the strengths and weaknesses of each approach.

“Management Parts of the Business Plan and Developing a Forecasting Strategy” Please respond to the following:

  • Identify three (3) common problems associated with business plans  and share the implications of these shortcomings. Provide support for  your response.
  • Select two (2) forecasting techniques and compare the strengths and  weaknesses of each approach. Next, discuss how each of your chosen  forecasting strategies reduces the element of risk and uncertainty  associated with change.
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