Choose one of the forecasting methods and explain the rationale behind using it in real-life.

“Forecasting” Please respond to the following:

Choose one of the forecasting methods and explain the rationale behind using
it in real-life.

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Describe how a domestic fast food chain with plans for expanding into China
would be able to use a forecasting model”Forecasting Models” Please respond to the following:

What is the difference between a causal model and a time- series model? Give
an example of when each would be used.
What are some of the problems and drawbacks of the moving average
forecasting model?
How do you determine how many observations to average in a moving average
model?
How do you determine the weightings to use in a weighted moving average
model?

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