The three major types of forecasts used by business organizations are:

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1Departmental, organizational, and territorial
2Strategic, tactical, and operational
3Economic, technological, and demand✓
4Exponential smoothing, Delphi, and regression

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Economic, technological, and demand

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Arrange the following steps required for effective business forecasting in the correct logical sequence: A. Determine the time period of the forecast. B. Identify the objectives for which forecasting is done. C. Collect the required data. D. Select the right forecasting method in line with objectives and time frame. E. Implement the results for decision-making, evaluate periodically, and revise if required.

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The three major types of forecasts used by business organizations are:

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