Examlex
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Forecast Method
Techniques used to predict future demand, sales, and other business metrics to guide decision-making.
Mean Absolute Deviation
A measure of variability that calculates the average absolute difference between each data point and the mean of a data set.
Tracking Signal
A technique used in forecasting to detect any bias in predicting future outcomes.
Holt's Model
Holt's Model is a forecasting technique that extends exponential smoothing to capture both level and trend in historical data, useful in predicting future values.
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