Demand Forecasting | Managerial Economics | Management studies MBA PGDM BBA BBM Mcom

#managerialeconomics #economics #management

Dear all,
How do businesses predict future demand and plan their strategies effectively? 🤔 The answer lies in Demand Forecasting Methods—a crucial aspect of Managerial Economics that helps companies make informed decisions about production, inventory, and pricing.

In this video, we explain various Demand Forecasting Methods with practical examples, making it easy for students, entrepreneurs, and business professionals to understand and apply these concepts in real-world scenarios.

💡 Key Topics Covered:
✅ What is Demand Forecasting? – The foundation of business planning 📉📊
✅ Why is Demand Forecasting Important? – Impact on profitability and decision-making
✅ Types of Demand Forecasting:

Short-term vs. Long-term Forecasting

Active vs. Passive Forecasting
✅ Major Demand Forecasting Methods:

Qualitative Methods (Best for new products & uncertain markets)

Expert Opinion (Delphi Method) 🧑‍🏫

Market Research & Surveys 📋

Quantitative Methods (Best for stable markets with historical data)

Time Series Analysis 📆

Regression Analysis 📈

Moving Averages & Trend Projection
✅ Factors Affecting the Choice of Forecasting Method
✅ Real-World Applications – How companies like Amazon, Walmart, and Tesla use forecasting

This video is part of Simplified Management Studies and is designed to help students, business owners, and professionals master demand forecasting techniques and make smarter business decisions.

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Видео Demand Forecasting | Managerial Economics | Management studies MBA PGDM BBA BBM Mcom канала Simplified Management Studies