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Importance of Demand Forecasting by Sadaqat Ak is a document available to read on EtoBox.
Demand forecasting refers to the process of estimating future customer demand over a period of time using historical data and other information. It is important for businesses as it allows them to plan strategies, set goals and budgets, optimize inventory levels, and identify issues in the sales pipeline. The main demand forecasting methods are qualitative forecasting using expert opinions, time series analysis of historical trends, and causal models considering various influencing factors. Businesses must
- Author
- Sadaqat Ak
- Language
- EN