Question: Identify one or more things that you will need to forecast for your business and state what behavior(s) will drive the demand for that need

Identify one or more things that you will need to forecast for your business and state what behavior(s) will drive the demand for that need

  • Trend
    • a gradual, long-term up or down movement of demand
  • Random variations
    • movements in demand that do not follow a pattern
  • Cycle
    • an up-and-down repetitive movement in demand
  • Seasonal pattern
    • an up-and-down repetitive movement in demand occurring periodically

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