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In the blog "Factors Affecting Demand Forecasting," we explore the different factors that can affect the accuracy of demand forecasting for businesses. As a critical aspect of inventory, production, and financial planning, demand forecasting requires companies to consider both external and internal factors. External factors such as economic conditions, competition, and government policies can influence the demand for products or services. Meanwhile, internal factors such as pricing, marketing, and sales strategies can also impact demand forecasting.
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