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Predicting Customer Demand
The process of forecasting future demand for a product or service based on historical sales data, market trends, and statistical analysis.
Predicting Profits
Involves estimating future earnings of a business based on current trends, historical data, and market analysis to guide decision-making.
Estimating Costs
The process of predicting the financial resources required for a project or production, based on historical data and future projections.
High-Low Method
is a technique used in managerial accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.
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