_______ is a prediction or estimation of future values of a variable like sales, demand, price, profits etc.

Planning

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Decision making

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Forecasting

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None of above

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Solution

The correct option is C Forecasting
Forecasting refers to predicting the imputed values of various economic variables like demand, supply etc. to develop premises for the economic plans for smooth conduct of production in the economy according to the plans that aims at achieving growth and development of the economy.

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