Define Forecasting Demands. Explain the techniques of Demand Forecasting.

Forecasting demand is the process of estimating the future demand for a product or service. It helps businesses plan their production, inventory, and marketing strategies effectively. Accurate demand forecasting enables organizations to meet customer needs without overproducing or underproducing, thus saving costs ____ _______ ________ ______ ________ ____ ________ _______.
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