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What is Demand Forecasting Techniques Explained about?
Demand forecasting is the process of estimating future demand, which is crucial for budgeting, production stability, and management decisions. It involves qualitative methods, such as expert opinions and market research, as well as quantitative methods, including regression and time series analysis. Factors influencing demand include product price, customer purchasing power, and socio-economic conditions.
- Author
- K VINOTHKUMAR
- Language
- EN