Statistical forecasting, Forecasting, Demand forecasting
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Statistical forecasting, Forecasting, Demand forecasting

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  • Ph.D.
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Selection Primeurs (2009) explains that forecast of demand or simply put demand forecast is дЫПan estimate of our future sales (either physical or monetary units) of one or more products (usually all), for a period of time.дЫќ As a company aspiring to be a supplier for Sun Chlorella Food Supplements, it is very necessary that we prepare a demand forecast that will expose us to the unforeseeable market that we are about to venture. SME Took Kit (2001) puts forth two major forms of demand forecasting. The qualitative demand forecasting has been adopted for this demand forecasting. This is because qualitative demand forecasting has been identified to work best дЫПwhen situation is vague and little data exist дЫТ example with new product and technologyдЫќ (SME Tool Kit, 2011). This demand

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