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Demand Forecast Analysis

oboloo Glossary

Demand Forecast Analysis

A demand forecast analysis is an essential business activity used to make decisions regarding the production and sales of goods and services. It involves analyzing current market trends, consumer behavior, and economic conditions in order to predict future demand for a company’s products or services. By accurately forecasting future demand, businesses can better plan their production and inventory levels, manage their costs, and maximize profits. Demand forecast analysis also helps companies move beyond linear thinking to anticipate changes in the marketplace, allowing them to stay ahead of the competition.

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