Question: Write a response to the following question. What warnings would you give forecasters in using statistical demand equations for estimating consumer demand? How can the

Write a response to the following question.
"What warnings would you give forecasters in using statistical demand equations for estimating consumer demand? How can the problems associated with using static equations in a dynamic world best be dealt with? Elaborate.

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Statistical Demand Equation Introduction Consumer demand forecasting is an essential activity in business operation and its applicable in areas like marketing sales and inventory management The right ... View full answer

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