Answered: What isDemand Sensing

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What isDemand Sensing

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Forecasting is a technique that uses historical data to make informed forecasts of future trends that are predictive in determining a direction.. Businesses use forecasting to decide how they will divide their expenses or prepare for expected expenditures over the coming year. Usually, this is based on the expected demand for the available goods and services.

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