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Forecast Value
The estimated value of a variable or outcome at a future point in time based on historical data and analysis.
Delphi Method
A structured communication technique that relies on a panel of experts to forecast or make decisions through rounds of anonymous surveys.
Convergence of Opinion
The process in which a group's members develop similar views or come to agree on a specific issue or decision after discussing it.
Exponential Smoothing Model
A time-series forecasting method for univariate data that applies exponentially decreasing weights to past observations.
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