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The Forecasting Techniques That Assume Past Sales Patterns Will Continue

question 136

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The forecasting techniques that assume past sales patterns will continue into the future are all variations of


Definitions:

Prototype

An original model or first form of something from which other forms are copied or developed.

Exemplar

An individual instance or example that is representative of a category or concept, often used in models of categorization in cognitive psychology.

Schema

A cognitive framework or concept that organizes and interprets information in the mind, helping to understand and predict the world.

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