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Monday, 13 July 2009
Demand forecasting and statistics_Basic guide
Statistics and forecasts are a matter of our daily business and private life. Therefore, a basic knowledge of the statistical key-figures and the forecast methods often used is required. The paper illustrates the statistical key figures of mean values, variance and standard deviation, Normal and Poisson distribution. It explains basic forecast methods such as moving average, exponential smoothing and linear regression.
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