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A good forecast must be exact, simple, efficient, consistent and appropriate. A sound estimation of potential demand must be based on the ample familiarity of relevant past. The forecast must be easy to understand, prepared within the owed funds, and consistent with the objectives of the firm. It must be made within the deadline.
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Demand Forecasting involves forecasting future demand for a particular creation. Demand forecasting Assignment Help involves two practices, formal and informal. These practices include methods like educated guesses, statistical techniques & using existing data from test markets. It is used by the organizations in actions like production planning, record management and also at the time of making choice on entering a new market. This is a very complicated area of the subject, and consequently, the students have many problems in handling the assignments related to Demand forecasting.