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Estimation, Forecasting and Overbooking Block 2 Canal Akbar (canal. Akbar sti2.at)www.stiinnsbruck.at Copyright 2008 STI INNSBRUCK www.stiinnsbruck.atAgendaTopics: 1. Estimation and Forecasting 2.
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Estimation forecasting is a process of predicting future outcomes based on current data and trends.
Businesses and individuals who need to make informed decisions about future planning and resource allocation.
Estimation forecasting can be filled out using historical data, statistical models, and expert judgment.
The purpose of estimation forecasting is to help organizations make better decisions and plans for the future.
Information such as sales projections, budget forecasts, and demand predictions must be reported on estimation forecasting.
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