The most important role for business statistics isSelect one:a.analysing demandb.cost analysisc.forecastingd.planning

What are the methods of demand forecasting? // MBA

Objective of Demand Forecasting

It is a rapidly developing business process that applies statistical methods to data sets to develop new insights and understanding of business performance and opportunities1 pointBiostatisticsBusiness AnalysisEconometrics

Significance of Demand Forecasting

How is the demand forecasting technique used in managerial economics?To predict future economic trendsTo forecast consumer behaviorTo estimate the sales of the firmAll of the above