Demand forecasting and its importance. Introduction: Forecasting is the planning process that helps to predict the future demand using present or past data. It uses certain assumptions based the knowledge and experience of the management.

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Chapter 3.15, Problem 1.1RQ

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To describe: Demand forecasting and its importance.

Introduction: Forecasting is the planning process that helps to predict the future demand using present or past data. It uses certain assumptions based the knowledge and experience of the management.

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