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Estimating Uncertain Events in the Past: A Mathematical Technique

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Added on 2019/09/30

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The provided content discusses the importance of trend analysis in business management. It highlights how analyzing past sales patterns can help managers make informed decisions about production levels and pricing strategies. Additionally, it touches on the limitations of trend analysis, noting that historical data may not accurately reflect current market conditions. The content also references various academic sources and real-world examples from the hospitality industry.

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Estimating Uncertain Events in the Past: A Mathematical Technique

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