Trend type forecasting is a method used to predict future values based on the historical trend of data points over time. This approach is widely utilized in various fields, including economics, finance, sales, and production, to inform decision-making and strategic planning. Here are some key characteristics of trend-type forecasts: 1. **Identification of Trends**: Trend forecasts focus on recognizing underlying patterns in historical data. These trends can be upward, downward, or stable over time.
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