various method of forecasting
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What are different methods of forecasting
The following are some important methods of forecasting- (i) Extrapolation-Extrapolation is one of the simplest and important method of forecasting.It is depended upon the reasonable,expectation that the variable will follow its already established paths.Extrapolation let the variable will follow its established pattern of growth.Therefore the main aim is to determine accurately the appropriate trend curve and the…
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