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A projection is a calculated figure based on simple examination of past data, and the assumption of all

other things being equal in the future.


A prediction is a calculated figure based on more complex analyses of the relationships between causes
and effects in the past, and the use of quantitative measures of these relationships to predict the outcome f
future combinations of these causal factors.
A forecast is an estimate of future sales, usually based on projections or predictions and a set of
assumptions about how major market forces will move, but which has been subject to specific
examinations by those with direct experience of the market, with particular reference to factors not
covered by the numerical analyses.
To estimate is to ascertain by computation; reckon calculating the area of a circle; calculated
their probable time of arrival.

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