Demand forecasting

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

Demand forecasting, also known as demand planning and sales forecasting (DP&SF), involves the prediction of the quantity of goods and services that will be demanded by consumers or business customers at a future point in time, conditional on a specified forecast horizon and information set.

Excerpt from the Wikipedia article “Demand forecasting”, under the CC BY-SA 4.0 license. Read the article on Wikipedia