How can I forecast demand for my product?
An example of an AI chatbot conversation about forecasting product demand.
How can I forecast demand for my product?
To forecast demand, you can use historical sales data, market trends, and statistical methods.
What statistical methods are best for demand forecasting?
Common methods include time series analysis, regression analysis, and moving averages.
How do I collect historical sales data?
You can gather historical sales data from your sales records, CRM systems, or market research reports.
Are there any tools that can help with demand forecasting?
Yes, tools like Excel, Tableau, and specialized software like SAP IBP can assist in demand forecasting.
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