What is demand forecasting? What are the importance and benefits of forecasting customer demand? Provide an overview

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What is demand forecasting? What are the importance and benefits of forecasting customer demand? Provide an overview of how a bank and a furniture manufacturer would forecast demand? In your response please include list of references at the end.

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Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets

ISBN: 978-0078024061

5th edition

Authors: Frederick S. Hillier, Mark S. Hillier

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Posted Date: Mar 09, 2024 08:44 AM

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What is demand forecasting? What are the importance and benefits of forecasting customer demand? Provide an overview

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Expert Answer:

Demand forecasting is the process of estimating the future demand for a product or service It involves analyzing historical data market trends and other relevant factors to predict the quantity of goo... View the full answer

Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets

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