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Formal Planning
The process of setting organizational goals, developing strategies to achieve those goals, and outlining specific plans of action in a structured manner.
Data Collection
The systematic gathering and measuring of information from various sources to gain insights and make informed decisions.
Quantitative Models
Mathematical or statistical models used to represent reality, predict outcomes, or explain relationships among variables.
Historical Data
Information collected from past events and circumstances, used as a reference or for analysis to plan for future activities.
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