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Listening is
Demand Forecast
The process of estimating the future demand for a product or service, based on historical data, current market trends, and predictive analysis.
Correlated
The relationship between two or more variables where a change in one variable is associated with a change in another.
Exponential Smoothing
A statistical technique used in time series analysis to smooth data points and forecast future values, giving more weight to recent observations.
α
In inventory management and forecasting, α represents the smoothing constant used in exponential smoothing models, crucial for adjusting response rate to demand changes.
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