List and define the five different scientific methods organizations use to anticipate, forecast and assess future events.
What will be an ideal response?
Trend analysis - the examination of a trend to identify its nature, causes, speed of development and
potential impacts. Trend monitoring - trends viewed as particularly important in a specific community,
industry or sector are carefully monitored, watched and reported to key decision makers. Trend projection
- when numerical data is available a trend can be plotted on graph paper to display changes through time
and into the future. Computer simulation - complex systems can be modeled by means of mathematical
equations and different scenarios can be run against the model to determine "what if" analysis. Historical
analysis - the study of historical events in order to anticipate the outcome of current developments.
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