Please answer fast 1.The difference between forecasting and prediction. Please provide a forecasting problem statement and a predictive problem statement regarding sales for next week.

COMPREHENSIVE MICROSOFT OFFICE 365 EXCE
1st Edition
ISBN:9780357392676
Author:FREUND, Steven
Publisher:FREUND, Steven
Chapter5: Working With Multiple Worksheets And Workbooks
Section: Chapter Questions
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1.The difference between forecasting and prediction. Please provide a forecasting problem statement and a predictive problem statement regarding sales for next week.

 

2. The difference between operational and analytical reporting. Please provide an example of an operational report and an analytical report based on her database of information.

 

3. The difference between KPIs and metrics. Please provide her with an example of a KPI and a metric related to her business.

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