Question

What is Demand Estimation? Explain the methods of Demand Estimation.

Answer 1

Demand estimation is a prediction focusing on future consumer behavior. It predicts demand for a business's products or services by applying a set of variables that show how, for example, price changes, a competitor's pricing strategy or changes in consumer income levels will affect product demand.

Answer 2

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☆☞ Here is ur answer ☜☆

✔✔ The Basics Demand estimation is a prediction focusing on future consumer behavior.

✔✔ It predicts demand for a business's products or services by applying a set of variables that show how, for example, price changes, a competitor's pricing strategy or changes in consumer income levels will affect product demand.

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