Forecast Sales Meaning. A prediction of future sales of a product either judgmental or based on previous sales patterns. Sales forecast can also been defined as an estimate of sales in terms of money or physical units for a specified future period under a proposed marketing plan or programme and under an assumed set of economic and other forces outside the unit for which the forecast is made.
Importance of sales forecasting. Sales forecasts are usually based on historical data industry trends and the status of the current sales pipeline. Sales forecast can also been defined as an estimate of sales in terms of money or physical units for a specified future period under a proposed marketing plan or programme and under an assumed set of economic and other forces outside the unit for which the forecast is made.
Sales forecast can also been defined as an estimate of sales in terms of money or physical units for a specified future period under a proposed marketing plan or programme and under an assumed set of economic and other forces outside the unit for which the forecast is made.
A prediction of future sales of a product either judgmental or based on previous sales patterns. Sales forecast can also been defined as an estimate of sales in terms of money or physical units for a specified future period under a proposed marketing plan or programme and under an assumed set of economic and other forces outside the unit for which the forecast is made. Every manufacturer makes an estimation of the sales likely to take place in the near future. Sales forecasting is the projection of customer demand for the goods and services over a period of time.
