Examlex
What is the main characteristic of cystic fibrosis?
Demand Forecast
The process of estimating the quantity of a product or service that consumers will purchase in the foreseeable future.
Forecast Error
The difference between the actual outcomes and the predictions made by forecasting models, utilized to measure the accuracy of predictions.
Forecasts
Predictions about future events, such as sales, economic trends, or weather, based on historical data and analysis.
Expected Value
A calculated average of all possible values for a random variable, weighted by their probabilities, used in statistics and economics to determine the most likely outcome.
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