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This exercise demonstrates the use of forecasts in labor market information. It also looks at projections.
<h3>What is a projection?</h3>
A simple definition of the word projection, as used in statistics is, the prediction of a future value having considered the past statistics of a population should a given set of assumptions occur.
In business, projection is a desired future outcome while the forecast is an estimated future outcome, based on the balance of probability.
Labor market statistics relate to the data from the labor market that predicts employment trends. This can be executed according to occupation, geographical location, sectors, etc.
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The Cistercian farmed the land as well as worshiped and prayed. They developed many farming techniques that helped Europeans grow more crops. The Dominicans goal was to defend church teaching. The Francianians helped the poor and served as missionaries.
