solved This is a team assigment im only responsible for analyze

This is a team assigment im only responsible for analyze possible forecasting approaches for determining spending levels for the next year. What approach does your team believe would be most appropriate for determining future spending needs?Assignment ContentFor this assignment, you will continue to focus on the same city or county that you selected in Week 2.Based on the city’s or county’s CAFR and budget information, identify elements involved in budget preparation, enactment, and execution. Next, as a team, analyze possible forecasting approaches for determining spending levels for the next year. What approach does your team believe would be most appropriate for determining future spending needs?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).