Guest
asked 5 months ago
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Demand Forecasting is not a wild guess, but it is the prediction about the probable demand in future based on a systematic approach.
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Guest
answered 5 months ago
Demand forecasting is an econometric exercise through which future demand of a product can be estimated on the basis of existing trend parameter. The demand forecasting concept is therefore an important aspect of consumer behaviour depending on the cardinal concept of utility.
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