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Forecast errors tend to be large for short forecast horizons.
Resource Allocation
The process of assigning and managing assets and resources, such as capital and labor, in the most effective way to achieve organizational goals.
Trademark
A recognizable sign, design, or expression that identifies products or services of a particular source from those of others.
Brand
A distinct symbol, name, design, or a combination of these, that identifies the products or services of a company and differentiates them from rivals.
Patent
A legal document granted by the government to an inventor, giving them the exclusive right to make, use, and sell an invention for a certain number of years.
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