FORECASTING
Forecasting •What is Forecasting? • Determining Future Events Based on Historical Facts and Data •Some Thoughts on Forecasts • Forecasts Tend to Be Wrong! • Forecasts Can Be Biased! (Marketing, Sales, etc.) • Forecasts Tend to Be Better for Near Future •So, Why Forecast? • Better to Have “Educated Guess” About Future Than to Not Forecast At All!
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