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The features of demand forecasting are the following:

1. It is in terms of specific quantities

2. It is undertaken in an uncertain atmosphere.

3. A forecast is made for a specific period of time which would be sufficient to take a decision and put it into action.

4 .It is based on historical information and the past data.

5 .It tells us only the approximate demand for a product in the future.

6 .It is based on certain assumptions.

7 .It cannot be 100% precise as it deals with future expected demand

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