5 Reasons Why the Quality of Your Statistical Forecasts Can Deteriorate

5 Reasons Why the Quality of Your Statistical Forecasts Can Deteriorate

Reading time: 17 mins

Learn why the quality of your statistical forecasts can deteriorate and ways to prevent the deterioration from occurring again. Key Concept Historical data is used in statistical forecasting to identify patterns, trends, and seasonality. Those factors are then used to effectively predict future demand. This can be achieved by using the appropriate forecast methods or...

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