________ Analysis Is a Statistical Approach That Relies Heavily on Historical

question 23

Short Answer

________ analysis is a statistical approach that relies heavily on historical demand data to project the future size of demand, and it recognizes trends and seasonal patterns.

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Definitions:

Principal

In finance, the principal is the initial amount of a loan or the amount of an investment excluding any interest or profit earned.

Agency by Ratification

An arrangement where a principal formally approves an act performed by someone who did not have the authority to act as their agent at the time of the act.

Ratification Requirements

Key provisions that must be met for an agreement or treaty to be officially approved and adopted by the involved parties.

Ratification to Be Effective

The process through which formal validation or approval is given, making an agreement officially valid.