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. Changes made by competitors Changes in geodemographics Changes in promotional calendars and strategies Changes in seasonality Changes in vendor pricing.
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