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Predictive Forecasting Models

oboloo Glossary

Predictive Forecasting Models

Predictive Forecasting Models are mathematical systems used to forecast future outcomes. They use existing data to predict what is likely to happen in the future and can be applied to a variety of areas, such as business performance, weather patterns, marketing trends and customer behavior. By analyzing historical trends and combining them with current and predicted events, predictive forecasting models provide businesses with the insights they need to make informed decisions. By using predictive analytics, businesses can develop strategies that will help them achieve their goals more efficiently and effectively, while minimizing risk.

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