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To which side,if any,would the following equilibrium lie?
Forecast
A prediction or estimate of future events or trends, particularly in weather, economics, or business.
Error
A mistake in coding, logic, calculation, or the understanding of a system that leads to unexpected and usually undesirable outcomes.
Exponential Smoothing
Exponential smoothing is a time series forecasting method for univariate data that can be used to predict short-term trends by applying smoothing constants to past observations.
Actual Demand
The real observed demand for a product or service, as opposed to forecasted or estimated demand.
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