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Economic Forecasts Definition and Explanation PDF | Download eBooks

Learn Economic Forecasts definition in supply chain management with explanation to study “What is Economic Forecasts”. Study economic forecasts explanation with SCM terms to review supply chain management course for online MBA programs.

Economic Forecasts Definition:

Economic Forecasts Explanation:

Firms use the process of economic forecasting to predict the future economic conditions with the help of different indicators. These indicators include interest rates that are changing with the economic shifts, inflation, industrial shifts, worker laws, consumer awareness and confidence. It is the forecasting of GDP annually or quarterly from top to micro level which affects the firms.

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