Forecast demand of product vs a service
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Compare and contrast the differences in forecasting demand for a product versus a service.
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Solution Summary
This solution explains how the process between forecasting demand for a product versus forecasting a demand for a service.
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Compare and contrast the differences in forecasting demand for a product versus a service.
Demand forecasting applications enable business managers to accurately predict the future distribution of both a product and a service. We know that a product is tangible while a service is intangible. However, the process for forecasting the demand for a product and a service has similarities and differences.
For product and service, ...
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