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History (in terms of the components of time series - Historical relationship between "dependent" and
trend, seasonality, cycles) will repeat itself "independent" variables will remain valid in future
Detailed data by Stock Keeping units (SKUs) is Aggregate data is all that is needed. However,
necessary and often available. sometimes, relevant data may not be available.
Time available to do the forecasting is very short Time available to do the forecasting is usually several
(days) months.
Application
Products in the their growth or maturity phase Products in the their growth or maturity phase
Short term forecasts Medium term forecasts