Economy, asked by vinaysingh5783, 1 year ago

Why demand should be forecasted ? Describe any two methods of demand forecasting for the established products.

Answers

Answered by AniketVerma1

Answer:

Demand plays a vital role in the decision making of a business. ... Demand forecasting reduces risk related to business activities and helps it to take efficient decisions. For firms having production at the mass level, the importance of forecasting had increased more.

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