What is Demand Forecasting
What is Demand Forecasting?
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Demand Forecasting considers to an estimate of future demand for the product. This is an “objective assessment of the future course of demand”. This is necessary to distinguish in between forecast of sales and forecast of demand. Sales forecast is significant for estimating revenue, cash expenses and requirements. Demand forecast associates to production inventory control, reliability of forecast and timing.
What did professor Marshall illustrates about Law of Demand? Answer: According to Marshall “the amount demanded raises along with reduces in price and diminish
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States the term Demand Analysis?
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