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What Role Does Uncertainty Play in Forecasting? Explain

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What role does uncertainty play in forecasting? Explain.


Definitions:

Action Learning

A learning process where a group works on real problems, implementing solutions and learning from the experience.

Societal Level

Pertains to the broader context affecting a society as a whole, including cultural, economic, and social dimensions.

Online Shopping

The process of buying goods and services over the Internet, allowing consumers to purchase products from the comfort of their own homes.

Organizational Change

The process through which companies undergo transformation, involving changes in strategy, structure, processes, or culture.

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