Kamal Barman Research. Collaborate. Build
To make accurate forecasts, analysts need to collect data from multiple sources. This data is then combined with information from historical records to create an accurate forecast model.

If a business doesn't know how many units it'll sell, it won't know how many inventories to keep in stock or what to order from suppliers. This unawareness can lead to huge problems—for example, if there's a shortage of products, customers will be unhappy with you, and your company may lose future business opportunities.

Salespeople often rely on guesswork instead of concrete facts when making their predictions for future sales numbers.

Read more about what our professionals say about it in here- https://geekyants.com/blog/how-to-use-ai-to-improve-sales-forecasting-accuracy/
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Jul 28th 2022 06:39