IMPORTANT FEATURES OFDEMAND FORECASTING
It is basically a guess work.
It is in terms of specificquantities
It is undertaken an uncertainatmosphere
A forecast is made for aspecific period of time
It is based on historicalinformation and the past data
It tells us only theapproximate demand for aproduct in future
It is based on certainassumptions.
It can not be 100% precise.