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Forecasting Print
Page Index
Forecasting
Basic Method
Comparing Competing Products
Simple Trend Analysis
Worst Case / Best Case
Educated Guesses
Sales Forecast Tour
Forecasting requires a little math and a little logic. For example, does your forecast predict your product will take half a segment’s sales when there are four or five products in the segment? Unless your product’s positioning, age and MTBF are significantly superior to the other products – and your price is at the low end of the range – it is not likely that you will take half the sales. Does your forecast predict you will take only one tenth of the sales when there are four or five products in the segment? Unless your product’s positioning, age and MTBF are significantly inferior – and your price is at the high end of the range or above – chances are you can sell more.