What are the steps to use regression analysis for demand forecasting?
Demand forecasting is a crucial skill for inventory management, as it helps you plan your stock levels, avoid overstocking or understocking, and optimize your cash flow. One of the methods you can use for demand forecasting is regression analysis, which is a statistical technique that explores the relationship between a dependent variable (such as demand) and one or more independent variables (such as price, season, or promotion). In this article, you will learn the steps to use regression analysis for demand forecasting.
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Deepak MalhotraInventory Manager & E2E Solution Architect - Planning & Distribution, Supply Chain , Warehousing, E2E Process Design…
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Burak ArtuncCommercial Excellence & Trade Sales Channels Director at AstraZeneca
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Ana Hernandez LPlant Controller with FP&A | Cost Accounting | MBA & Master's in Finance | bachelor's in Administration | Startup with…