Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)
Retalon
FEBRUARY 15, 2022
The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Reduced markdowns.
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