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In Order to Estimate Future Demand, Companies Commonly Prepare a Company

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In order to estimate future demand, companies commonly prepare a company sales forecast first, followed by an industry forecast, and finally a macroeconomic forecast.


Definitions:

Hypnosis

A state akin to trance characterized by focused concentration, diminished awareness of surroundings, and increased openness to suggestion.

Psychiatry

A branch of medicine focused on the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

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