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Forecasting Process
A Forecasting process provides a mechanism for soliciting participation
from individuals who have knowledge of future events and compiling it
into a consistent format to develop a forecast. The forecasting process
concentrates defining how information will be gathered and reconciled
into a consistent picture of the future. In cases where a statistical
forecast is used the process will also define how much weight should be
given to the mathematical models versus input from participants to develop
the final consensus forecast.
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