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Planning and forecasting are a field of AI used to make scientific predictions about the future without requiring oversight. They use time series data to estimate future developments for various industries. AI forecasting is the process of using time series data to estimate and predict future development. It can be divided into two main categories: demand forecasting and growth forecasting.
AI planning uses algorithms to make predictions and forecast trends without human judgment. This means far less error and, at the same time, outperforming data scientists and experts. Sure, AI will not replace human intelligence in the future, but its ability to analyze data is always a welcome aid to forecasters.
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