Macro-level Demand Forecasting

Macro-level demand forecasting involves predicting the overall demand for products or services across a large market or economy. It takes into account broad factors like economic trends, population changes, and consumer behavior. By analyzing historical data and current trends, businesses and governments can estimate future demand to make informed decisions about production, inventory, and resource allocation. This helps ensure that supply meets consumer needs without overproducing or understocking, ultimately supporting economic stability and growth.