Abstract
In this chapter, a statistical forecasting methodology is presented that utilizes past sales in order to predict future sales when the past trend tends to continue normally and there are no black swans, which could be natural disasters, extreme weather, and other events beyond the entrepreneur’s control.
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© 2022 The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature
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Okunev, R. (2022). Forecasting: Planning for Future Scenarios. In: Analytics for Retail. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-7830-7_11
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DOI: https://doi.org/10.1007/978-1-4842-7830-7_11
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Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4842-7829-1
Online ISBN: 978-1-4842-7830-7
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