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Explain the qualitative methods of sales forecasting.
World's Income
The total economic output or the aggregate income produced by all countries in the world over a specific time period.
High-Income
Refers to individuals, households, or countries that earn significantly above the average income level, often associated with greater disposable income and purchasing power.
Per Capita Income
The average income earned per person in a given area or country, calculated by dividing the total income by the population.
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