Forecasting and demand is done using sophisticated algorithms through Big data analytucs and Artificial intelligence based technologies.
Where data from past is crunched and trends are plotted using predetermined algorithms and thus marketers predict demand. More and more volumes of data from different sources both Qualitative and quantitative lead to accuracy in predictive analytics and help in effective forecasting.
PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE
Get Answers For Free
Most questions answered within 1 hours.