23
Oct
2024

Analytics for...

Market Demand

The total amount of a product or service that consumers are willing and able to purchase at a given price over a specified period. Understanding market demand is crucial as it directly influences nearly every aspect of a business's strategy and operations. 

 

Market Demand - Analytical Technique

Modelling Market Demand

The “base demand function” integrates internal and external factors to model the likely demand of any product or service. This algorithm is structured to reflect the variability of the market, the consumer profile, the price elasticity and any existing or prevailing micro or macro-economic influences. In this way this computation can be used in most scenarios.

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