Question: uestion 5 4 What are forecasts? Predictions based on time - series information A statistical process that finds the way to make a design, system,

uestion

54

What are forecasts?

Predictions based on time

-

series information

A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste

A statistical process for estimating the relationships among variables

A statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover

uestion 54 What are forecasts? Predictions based on time-series information A

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