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What assumptions are common to all forecasting models? For each assumption, explain how the usefulness of forecasts would be affected if the assumption was not true. Using an example of

What assumptions are common to all forecasting models? For each assumption, explain how the usefulness of forecasts would be affected if the assumption was not true. Using an example of a specific business decision based upon a forecast, explain how and why it might make a difference to the decision-making process if the level of confidence in the forecast is a) very high, b) moderate, c) very low

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