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What Are the Five Basic Steps in the Forecasting Process

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What are the five basic steps in the forecasting process?


Definitions:

Open-Ended Question

A type of question that allows for a broad range of responses, encouraging detailed and thorough answers.

Closed-Ended Question

A type of question that is structured to receive a specific, concise response, often answerable with "yes" or "no."

Scheduling

The process of arranging, controlling, and optimizing work and workloads in a production process or manufacturing operation.

Locating

The process of finding something or someone, often referring to locating persons or assets in legal contexts.

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