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The Probability That a Product Will Function Properly for a Specified

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The probability that a product will function properly for a specified time under stated conditions is


Definitions:

Environmental Scan

The process of systematically examining external and internal environments to identify opportunities, threats, trends, and strategic uncertainties.

Direct Forecast

A method of predicting future values such as sales or trends by directly analyzing specific variables or indicators.

Forecast

A prediction or estimate of future trends, events, or conditions, often based on current data or trends.

Intervening Steps

The stages or actions that occur between the start and completion of a process, often involving intermediary tasks or decisions.

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