Glossary
Demand Forecast
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An estimate of the expected demand for a product or service over a specified period of time.
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What is Demand Forecast?
Demand Forecast in the shipping context refers to an estimation of the future demand for a specific product or service. In the shipping industry, demand forecasts are used to plan for the transportation of goods, ensure sufficient cargo space, and allocate resources. The forecast is typically based on historical data, market trends, and other relevant information, and it helps to prevent over or underestimation of future demand.
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