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ForecastingEssay Preview: ForecastingReport this essayForecasting is about predicting future events based on a foreknowledge acquired through a systematic process or intuition (Armstrong JS, 2001). Forecasting, if done accurately provides many advantages such as better financial planning, better staffing, targeted markets etc. (The Advantages of Accurate Forecasting. , n.d.)..Forecasting where on one hand can provide a.