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A business that produces and sells pesticides would most likely require which of the following types of insurance product?
Historical Analogy
Historical Analogy involves using historical events as a reference to understand and predict future or current events, based on assumed similarities.
Forecasting
The process of making predictions about future events based on historical and current data using statistical methods and analysis.
Explanatory Models
Theoretical frameworks or models used to explain how or why a certain phenomenon occurs, often used in scientific research.
Causal Models
Analytical models used to study the cause-effect relationships between variables within a system.
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