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What is the difference between a portion and a serving?
Forecasting Model
A mathematical or statistical model used to predict future events or trends based on historical data.
Seasonal Indices
Factors used in time series analysis to adjust predictions for seasonal effects, allowing for more accurate forecasting.
Quarterly Demand
Refers to the amount of goods or services demanded by consumers over a three-month period.
Exponential Smoothing
A forecasting method that uses weighted averages of past observations, with the weights decaying exponentially as the observations get older, to predict future trends.
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