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What is the most accurate definition of forecasting: Question 21 options: 1) It is a quesstimate based on historical information 2) Judgment call on demand

What is the most accurate definition of forecasting: Question 21 options: 1) It is a quesstimate based on historical information 2) Judgment call on demand based on certain criteria over a given period of time for a specific product 3) Judgment call on exact requirements for a historical period of time for a specific product 4) A reasonable estimate based on historical facts and research 5) None of the above

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