What are the best practices in demand forecasting?
An example of an AI chatbot conversation about best practices in demand forecasting.
What are the best practices in demand forecasting?
Some best practices include using historical data, incorporating market trends, and collaborating with sales teams.
How can I improve the accuracy of my forecasts?
You can improve accuracy by using advanced analytics, adjusting for seasonality, and regularly updating your models.
What tools are recommended for demand forecasting?
Popular tools include SAP Integrated Business Planning, Oracle Demand Management Cloud, and Microsoft Azure Machine Learning.
How often should I update my demand forecasts?
It's best to update forecasts regularly, such as monthly or quarterly, depending on your business needs and market changes.
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