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Tornado Chart
A type of bar chart used in sensitivity analysis which displays the comparative importance of variables, often in financial models.
Forecast
A prediction or estimate of a future event or trend based on historical data and analysis.
Newsvendor Model
A mathematical model used to determine optimal inventory levels for products that have uncertain demand and a limited selling period.
Purchase Quantity
The total number of units of a product that a customer buys at one time.
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