![]() ![]() Here’s everything you need to know about demand forecasting. Using a forecasting model will help you with better business decision making. However, there are several demand forecasting techniques that use predictive analysis that will help you make an educated guess. No one can predict the future with absolute certainty. ![]() ![]() That will give you a well-rounded picture of potential opportunities and pitfalls. You may want to employ multiple types of demand forecasts. Different forecasting models look at different factors. Demand forecasts project sales for the next few months or years. How will you know how much new product to produce for your next holiday? What kinds of capital will you need to invest in stock for your next fiscal year? Demand forecasting has the answers. ![]()
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