1. Select one industry from the list below:Bank, restaurant, health clinic/hospital, airline, or uni
1. Select one industry from the list below:Bank, restaurant, health clinic/hospital, airline, or university.2. What specific variables would be needed by that organization in order to forecast? Be sure you explain “why” you selected each variable and why it is important to forecasting.3. Which variables are used for short-range forecasting, long-range forecasting or for both. Make sure you support your selections. Airline IndustryVariable needed to forecast in this industry are wind direction, cloud cover, wind speed, airpressure, thickness, temperature above 5000ft sea level. These variable effect the…
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