Demand Forecasting
Number
Predicts the quantity of products that customers will purchase, aiding in managing production and inventory levels.
Formula
(Sum of Historical Demand Data + Trend Analysis) / Periods
Example
With a historical demand of 10,000 units over 10 periods and a 5% upward trend, the forecast for the next period is (10,000/10) * 1.05 = 1,050 units.