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Demand forecasting - PowerPoint PPT Presentation


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Topics to be covered. DefinitionFactorsPurposes of ForecastingCriteria for a good forecastingMethods of demand forecasting. Definition . Is a process by which an individual or a firm predicts future demand for product or productsAccurate forecasting-enables these firms to produce required quantities at the right time and arrange well in advance for the various factors of productionBetter planning and allocation of national resources..

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