The Purpose of Forecasting Is to Predict Future ___________, ___________

question 3

Short Answer

The purpose of forecasting is to predict future ___________, ___________, _________ and ____________.

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Definitions:

Negotiates

The process by which parties come together to discuss, bargain, and reach a mutually acceptable agreement.

Wage Differentials

The variations in wage rates due to factors like occupation, location, industry, and individual skills and experience.

Discriminatory Bias

Prejudice resulting in unfair treatment of individuals or groups based on characteristics such as race, gender, or age.

Productivity

The efficiency with which input resources are converted into outputs, often measured as the amount of output per unit of input.