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Forecasting is the process of predicting or estimating future events or trends based on past and present data and trends. It is an essential tool for businesses, governments, and individuals to plan for the future and make informed decisions. Forecasting can be used for a wide range of applications, including financial planning, marketing, supply chain management, and weather forecasting.

There are several methods of forecasting, including qualitative, quantitative, and causal methods. Let's take a closer look at each of these methods:

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