Slater1
asked on
Market growth
Hi,
Is there an equation/ formula to calculate market growth of a product? Or in other how to forecast growth of a product for the next years?
Is there an equation/ formula to calculate market growth of a product? Or in other how to forecast growth of a product for the next years?
No. This is done by a survey of actual sales. While past sales may provide a future indicator, there is no guarantee. You need to build up sales history and then that may possibly inform future results.
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