Forecasting is the process of making predictions or estimates about future events based on past and present data. It is an important tool used in various fields such as business, economics, weather forecasting, and more. Here are some key concepts and techniques related to forecasting:
By understanding the concepts and techniques of forecasting, you can make informed predictions and decisions in various fields. Practice using different forecasting methods and evaluate the accuracy of your forecasts to improve your skills in this important area of analysis.
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