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Explain the Difference Between Statistical Forecasting and Judgment Forecasting

question 51

Essay

Explain the difference between statistical forecasting and judgment forecasting.

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Definitions:

Derived Class

A class that inherits properties and behaviors from another class, known as the base class.

Parent Class

A class from which other classes inherit properties and methods.

Inheritance

A feature of object-oriented programming where a new class is created from an existing class, inheriting fields and methods of the existing class while allowing new elements to be added or existing ones to be modified.

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