Forecasting FAQs:


Q: Is a Forecasting the process of making predictions of the future based on past and present data and most commonly by analysis of trends?

A: Yes.

Q: Is a Forecasting used in Customer Demand Planning in everyday business for manufacturing and distribution companies?

A: Yes.

Q: Is a Forecasting used in cases where there is lack of historical data or during completely new and unique market conditions?

A: Yes.