Operations and Supply Chain Management
Operations and Supply Chain Management
14th Edition
ISBN: 9780078024023
Author: F. Robert Jacobs
Publisher: MCG
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Chapter 18, Problem 1OQ
Summary Introduction

To explain: The term for the given forecast description.

Forecasting:

It is the process of estimating future demand based on the present and past data. The estimation is made by identifying the trends present in data on hand.

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