Do you know about Statistical Forecast? Which method do you use for forecasting in your company?

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Statistical Forecasting involves using historical data to predict future demand. Common methods include moving averages, exponential smoothing, and regression analysis.

Statistical Forecasting uses historical data to predict future demand
Common methods include moving averages, exponential smoothing, and regression analysis
Moving averages calculate the average of a specific number of past periods to forecast future demand
Exponential smoothing assigns exponentially decreasing weights to past data to forecast future demand
Regression analysis identifies relationships between variables to forecast future demand

Do you know about Statistical Forecast? Which method do you use for forecasting in your company?

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