Business Studies, asked by shortyrenz420, 5 months ago

Discuss Forcasting on Production Management & Operation Management

Explain & Give an Insights .

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Answered by Anonymous
32

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Forecasting is the process of making predictions of the future based on past and present data. This is most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term.

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