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⍰ ASK What are the most used forecasting technique in an offshore company?

The most commonly used forecasting techniques in an offshore company can vary depending on the company's industry, size, and specific needs. However, some of the most widely used forecasting techniques include:

  1. Time series analysis: This method involves analyzing historical data to make predictions about future trends.
  2. Regression analysis: This technique involves analyzing the relationship between two or more variables to make predictions about future outcomes.
  3. Moving averages: This method involves calculating the average of past data points over a specified time period to make predictions about future trends.
  4. Exponential smoothing: This is a time series forecasting technique that uses weighting to give more importance to recent data points and less importance to older data points.
  5. ARIMA (AutoRegressive Integrated Moving Average): This is a statistical method that uses past data to forecast future trends.
 

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