demand forecast

Definition

Approximation of the level of demand for a product at some point in the future. Demand forecasts are used to schedule the release of new products, or the manufacturing and shipping of existing products, in order to avoid providing too much or too little of a product to the market.

Use demand forecast in a sentence

You should try and do a demand forecast that will let you know exactly how much you need to produce.

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Our demand forecast showed us that this would be a very hot item and that made me really happy to know.

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The demand forecast was made and our analysts all agreed on the information that demand is likely to increase dramatically.

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