Forecasting is the prediction, projection or estimation of the occurrences of unsure future events or tiers of activity.
*To become aware of undiscovered patterns and set up hidden relationships, enabling organizations to make better evidence-based commercial enterprise selections and predictions. Use the true demand of the most current period, to forecast the demand of the following period.
Forecasting refers to the exercise of predicting what will happen in the future by taking into consideration events in the past and present. Basically, it is a decision-making device that helps businesses cope with the influence of the future's uncertainty via examining historic data and trends.
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