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It is best for entrepreneurs to not pass on their entrepreneurial ideology to others in order to reduce competition.
Actual Demand
The real or observed demand for products or services in a market, as opposed to forecasted or theoretical demand.
Weighted Moving Average
A forecasting method that assigns different weights to historical data points, prioritizing more recent data in the calculation.
Previous Month's Demand
Previous Month's Demand refers to the quantity of products or services requested by customers during the preceding month.
Forecasts Types
Various methodologies and approaches used to predict future events, including quantitative and qualitative techniques.
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