What is the difference between estimation, prediction and forecasting?

Business Statistics Business Administration

Question added by ayesha waris
Date Posted: 2016/02/16

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by Mohamad kamal , HR & Administration , Central Statistics Organization & General Mobilization

ESTIMATION IS TRING TO REACH CLOSE TO REAL QUANTITY FORECASTING IS ANALYSIS OF PRESENT AND FUTURE DATA AND PRIDICTION IS THE STUDY OF FUTURE BASED SITUATION

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