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Based on Scenario 6.1 above,value added in the United States is
Focus Forecasting
A technique that uses historical data to predict future demand by trying various forecasting methods and selecting the one that proves most accurate.
Coefficient of Determination
A statistical measure that determines the proportion of variance in the dependent variable that can be predicted from the independent variable(s).
Trend Projection
Trend Projection is a forecasting technique that uses historical data to predict future outcomes by identifying patterns or trends.
Inventory Control
The management of inventory levels to ensure that the right amount of stock is available at the right time and place, minimizing costs and meeting customer demand.
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