What is Demand Forecasting? Definition, Types, Importance
Demand forecasting is a process of predicting the demand for an organisation’s products or services in a specified time period in the future.
What is Demand Forecasting
Demand forecasting is a process of predicting the demand for an organisation’s products or services in a specified time period in the future.
Demand forecasting is an attempt to estimate the future level of demand on the basis of past as well as present knowledge and experience, to avoid both under production and overproduction.