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Chapter 9. Forecasting and Projections > Making Sure You Have a Useful Baseline

Making Sure You Have a Useful Baseline

A baseline is a set of numeric observations made over time. Examples of baselines are:

  • Monthly revenue totals for the past four years

  • Daily hospital patient census for the past six months

  • Average annual liquor consumption since 1970

  • Number of calls to customer service per hour for the past week


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