Question

 Q.4 Why there is a Need of Demand Forecasting? Explain with suitable example. long Answer question​

Answer 1

Answer:

For enterprises, demand forecasting allows for estimating how many goods or services will sell and how much inventory needs to be ordered. Demand forecasting lays the foundation for many other critical business assumptions such as turnover, profit margins, cash flow, capital expenditure, and capacity planning.

Explanation:

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