Black Swan events are unpredictable and highly impactful occurrences that are beyond the realm of normal expectations. These events can drastically alter the course of industries, economies, and societies, posing significant challenges for forecasting due to their rarity and the fact that they often go unnoticed until they happen. Their unpredictable nature makes them difficult to prepare for or mitigate, highlighting the limitations in traditional forecasting models that typically rely on past data and trends.
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