Statistical forecasting is based upon the assumption that the future will be an extrapolation of the past.

Name: Statistical forecasting is based upon the assumption that the future will be an extrapolation of the past.
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Statistical forecasting uses past data to make predictions about the future, assuming that historical patterns and relationships will continue to hold in the future. This approach is also sometimes called time-series forecasting.

Statistical Forecasting Is Based Upon the Assumption That the Future