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With which scale can we,for describing central tendency,determine the mode and the median,but not the mean?
Seasonality
A pattern in data that repeats at regular intervals over time, often observed in sales, weather patterns, and agricultural production.
Forecast Error
The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasts.
Bias
A tendency to lean in a certain direction, either in favor of or against a particular thing, person, or group compared with another, often in a way considered to be unfair.
Forecast Method
Techniques used to predict future aspects of a business or operation, such as sales, trends, or consumer demand, based on historical and current data.
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