Quantitative Demand Forecasting

Quantitative demand forecasting involves using historical data and statistical methods to predict future customer demand for a product or service. By analyzing past sales patterns, seasonal trends, and other measurable factors, businesses can generate data-driven estimates. This approach helps companies plan inventory, manage resources, and set sales targets more accurately. Essentially, it’s about using numbers and calculations to make informed predictions about what customers will want in the future, allowing businesses to operate more efficiently and effectively.