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URL:https://www.learndesk.us/class/6435635411812352/lesson/5792a8ab6a864c44735b207206b49d44?ref=outlook-calendar
SUMMARY:Predicting using Descriptive Statistics
DTSTART;TZID=America/Los_Angeles:20260502T190000
DTEND;TZID=America/Los_Angeles:20260502T200000
LOCATION:https://www.learndesk.us/class/6435635411812352/lesson/5792a8ab6a864c44735b207206b49d44?ref=outlook-calendar
DESCRIPTION: Descriptive statistics are brief descriptive coefficients that summarize a given data set, which can be either a representation of the entire or a sample of a population. Descriptive statistics are broken down into measures of central tendency and measures of variability (spread).

A simple, but widely used, strategy to predict future demand is to use central tendencies of past data to be used as the future demand.

https://www.learndesk.us/class/6435635411812352/lesson/5792a8ab6a864c44735b207206b49d44?ref=outlook-calendar
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SEQUENCE:3
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