Focus forecasting is based on the principle that _____

General
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focus forecasting is based on the principle that _____.

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LectureNotes said focus forecasting is based on the principle that _____.

Answer:

Focus forecasting is based on the principle that it is essential to concentrate on a specific product, market segment, or customer group for which a more accurate forecast can be made. This approach involves analyzing historical data, market trends, and other relevant factors to predict future demand with a higher level of accuracy. By focusing on a particular area, businesses can tailor their strategies and resources more effectively to meet the expected demand and improve their overall forecasting accuracy.