What is the best way to forecast demand in a retail environment?

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Forecasting demand is a crucial task for any retail business, as it affects inventory levels, customer satisfaction, cash flow, and profitability. However, predicting future sales is not easy, especially in a dynamic and competitive environment. In this article, we will explore some of the best practices and methods for forecasting demand in a retail environment, and how to apply them to different scenarios and products.

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