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Qualitative Forecasting Methods
Techniques that use expert judgment and subjective inputs to forecast outcomes, rather than relying solely on historical numerical data.
Causal Forecasting Methods
Predictive techniques that assume a cause-and-effect relationship between variables to estimate future outcomes.
Demand Forecast
The process of estimating the future demand for a product or service, based on historical data, current market trends, and predictive analysis.
Correlated
The relationship between two or more variables where a change in one variable is associated with a change in another.
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