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Knowledge of the Environment
Completion requirements
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Once you have determined the existing patterns, you will need knowledge of the market and environment in which you operate in order to project future patterns.
Knowledge of the market and the environment can be obtained from the following:
- Published economic forecasts and other published forecasts
- Your own research and knowledge
- The media
- Knowledge in your organisation
- The internet
- Industry networks
Click here to view an explanation about difference forecasting methods.