Forecasting+and+Hypothesis+Testing

Definition
 __Forecasting:__ guessing what is going to happen in the future and make predictions.  __Hypothesis testing:__ process of rejecting/accepting certain hypothesis and predicting how it will work and be used.

Specific examples
====Supermarkets may use those methods to predict which products are more likely to be bought by customers. Using collected data supermarkets can analyse purchasing patterns and create strategies for marketing purposes. It also helps to manage stock level and regulate amount of ordered items====

Resources
Forecasting and hypothesis testing. Retrieved December 6, 2014, from https://sites.google.com/site/patanaitgs2015/case-study/key-terms-1/forecasting-and-hypothesis-testing