Question: What is Demand Forecasting, and what is a common method used in this process? a ) Demand Forecasting predicts financial trends. A common method used

What is "Demand Forecasting," and what is a common method used in this process?
a) Demand Forecasting predicts financial trends. A common method used is financial modeling.
b) Demand Forecasting involves estimating future customer demand for products or services. A common method used is time series analysis, which analyzes historical data to predict future demand.
c) Demand Forecasting assesses employee performance. A common method used is performance reviews.
d) Demand Forecasting evaluates supplier reliability. A common method used is supplier audits.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!