Examlex
Select the correct description for each of the abbreviations.
-AD
Historical Data
Data collected from past events and time periods, used to analyze trends, forecast future occurrences, or serve as benchmarks.
Forecast
The process of making predictions based on past and present data trends, commonly used in weather, economic, and business planning contexts.
Population
The entire group of individuals or items that is the subject of a statistical study.
Sampling
the process of selecting a subset of individuals from a population to estimate characteristics of the whole population.
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