State various methods for demand forecasting? What is demand forecasting? State various methods for demand forecasting?
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Demand Forecasting is a systematic and scientific estimation of future demand for a product. Simply, estimating the sales proceeds or demand for a product in the future is called as demand forecasting. ... This method is often used when the forecasting of a demand is to be done for a short period of time.
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Methods of Demand Forecasting. Demand forecasting allows manufacturing companies to gain insight into what their consumer needs through a variety of forecasting methods. These methods include: predictive analysis, conjoint analysis, client intent surveys, and the Delphi Method of forecasting.
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