Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)
Retalon
FEBRUARY 15, 2022
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. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.
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