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. Planning inventory based on sales history depends on a logical approximation. Reduced markdowns. Increased sales.
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