For this assignment, you will continue to focus on the same city or county that you selected in Week 2. (PHOENIX, AZ)
Based on the city’s or county’s CAFR and budget information, identify elements involved in budget preparation, enactment, and execution.
Next, analyze possible forecasting approaches for determining spending levels for the next year. What approach do you believe would be most appropriate for determining future spending needs? I was going to go for the Multiple Linear Regression Forecasting Method.
Write a 700- to 1,050-word paper summarizing the elements involved in budget preparation, enactment, and execution, and the forecasting approach(es) your team would use for determining next year’s spending. Include rationale to support your forecasting approach(es).
Needs to be in APA format with references.