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  2. Aggregate data - Wikipedia

    en.wikipedia.org/wiki/Aggregate_data

    A diagram showing the basic meaning of aggregate data, which is a combination of individual data. Aggregate data is high-level data which is acquired by combining individual-level data. For instance, the output of an industry is an aggregate of the firms’ individual outputs within that industry. [1]

  3. Data model - Wikipedia

    en.wikipedia.org/wiki/Data_model

    Overview of a data-modeling context: Data model is based on Data, Data relationship, Data semantic and Data constraint. A data model provides the details of information to be stored, and is of primary use when the final product is the generation of computer software code for an application or the preparation of a functional specification to aid a computer software make-or-buy decision.

  4. Forecasting - Wikipedia

    en.wikipedia.org/wiki/Forecasting

    Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis.

  5. Aggregate function - Wikipedia

    en.wikipedia.org/wiki/Aggregate_function

    In database management, an aggregate function or aggregation function is a function where multiple values are processed together to form a single summary statistic. (Figure 1) Entity relationship diagram representation of aggregation. Common aggregate functions include: Average (i.e., arithmetic mean) Count; Maximum; Median; Minimum; Mode ...

  6. Land-use forecasting - Wikipedia

    en.wikipedia.org/wiki/Land-use_forecasting

    Land-use forecasting undertakes to project the distribution and intensity of trip generating activities in the urban area. In practice, land-use models are demand -driven, using as inputs the aggregate information on growth produced by an aggregate economic forecasting activity.

  7. Demand forecasting - Wikipedia

    en.wikipedia.org/wiki/Demand_forecasting

    Demand forecasting plays an important role for businesses in different industries, particularly with regard to mitigating the risks associated with particular business activities. However, demand forecasting is known to be a challenging task for businesses due to the intricacies of analysis, specifically quantitative analysis. [4]

  8. Fan chart (time series) - Wikipedia

    en.wikipedia.org/wiki/Fan_chart_(time_series)

    There are several ways to represent the forecast density depending on the shape of the forecasting distribution. If the forecast density is symmetric ( normal or Student's t , for instance), the fan centers at the mean (which coincides with the mode and median ) forecast, and the ranges expand like confidence intervals by adding and subtracting ...

  9. Data assimilation - Wikipedia

    en.wikipedia.org/wiki/Data_assimilation

    The difference between the forecast and the observations at that time is called the departure or the innovation (as it provides new information to the data assimilation process). A weighting factor is applied to the innovation to determine how much of a correction should be made to the forecast based on the new information from the observations.