Examlex
The amount by which actual output falls short of potential output is called:
Forecasting
Forecasting involves making predictions about future events or trends based on historical data and analysis, often used in financial planning, supply chain management, and strategic planning.
Budgeting
The process of creating a plan to spend your money, enabling the tracking of income and expenses over a set period of time.
Market Tests
The process of testing a product or service among potential users to evaluate its viability in the market before a full-scale launch.
Sophisticated Statistical Skills
Advanced abilities in understanding and applying statistical methods and analyses to solve complex problems or interpret data.
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