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"Talking Down" to a Customer

question 46

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"Talking down" to a customer


Definitions:

Tactical

Pertaining to actions or strategies carefully planned to achieve a specific end, typically in the military or in business contexts.

Strategic

Refers to a high-level plan or approach designed to achieve long-term or overall goals.

Biased Forecast

A forecast that consistently tends to overestimate or underestimate the actual value due to systematic errors.

Naive Approach

A forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.

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