Many people in business tries to predict future of the business trends. In forecasting businesses usually use simple steps. First they identify the problem. What they want to forecast and what outcome they expect. Then people in business usually apply theories to those forecasts. They try to figure out some variable outcomes. Next they try to collect the data or information, to apply to those forecasts. After that they try to apply assumptions and suggestions. While they try to assume, they choose what model they will be using to put all assumptions into strategy. Then businesses usually put modelling answers into one big idea and accept or reject this idea for implementation. In that simple model of forecasting it is interesting to know how other businesses make decisions or made in past, because it is give additional knowledge of possible outcomes. Human sometimes can not calculate all ideas at once, therefore business forecast should take a week or two week to make decision. If you choose forecast model for your business, it is good to change variables sometimes because speed of the technological change drive innovative models and ideas into the market, which in turn will be affecting every time your forecasting model. In this model a lot of opportunities to develop new strategies and innovative decisions for your business. Creativity is the key.
