Chat reply glossary
Last updated: July 11, 2025
Overview
Use this glossary to interpret statistical terms that appear in Ask R+1 responses.
Term | Meaning |
Forecast Quantity | Predicted demand for the forecast date |
Confidence Interval | Range within which actual demand will fall ninety five percent of the time |
Expected Gross Sales | Revenue if branch is fully stocked |
Expected Profit | Revenue minus cost of goods |
Tip
A wider confidence interval means demand is volatile, so consider smaller, more frequent orders.