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This is the formula I use for forecasting in Capsim: 1) total industry demand*industry growth rate*last year's market share 2) Then I forecast my production
This is the formula I use for forecasting in Capsim:
1) total industry demand*industry growth rate*last year's market share
2) Then I forecast my production by multiplying the forecasting formula * (20% + last year's market share)
3) Once I have this results I just subtract my inventory on hand from results in 2)
I keep running out of inventory in half my products and have so much leftover from another product.
Is there any forecasting and production formulas that I could use to more accurately predict?
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