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. Customer experience. You’re able to proactively plan price drops and set optimal discount prices to maximize ROI. Increased inventory turnover.
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