MindMap Gallery The steps of market forecasting
The steps of market forecasting include: determining research goals, collecting data, analyzing trends, identifying needs, positioning competition, formulating strategies, implementing plans, monitoring results, revising forecasts and evaluating effects.
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This Valentine's Day map illustrates love through 30 romantic possibilities, from the vintage charm of "handwritten love letters" to the urban landscape of "rooftop sunsets," from the tactile experience of a "pottery workshop" to the leisurely moments of "wine tasting at a vineyard"—offering a unique sense of occasion for every couple. Whether it's cozy, experiential, or luxurious, love always finds the most fitting expression. May you all find the perfect atmosphere for your love story.
The ice hockey schedule for the Milano Cortina 2026 Winter Olympics, featuring preliminary rounds, quarterfinals, and medal matches for both men's and women's tournaments from February 5–22. All game times are listed in Eastern Standard Time (EST).
This Valentine's Day brand marketing handbook provides businesses with five practical models, covering everything from creating offline experiences to driving online engagement. Whether you're a shopping mall, restaurant, or online brand, you'll find a suitable strategy: each model includes clear objectives and industry-specific guidelines, helping brands transform traffic into real sales and lasting emotional connections during this romantic season.
This Valentine's Day map illustrates love through 30 romantic possibilities, from the vintage charm of "handwritten love letters" to the urban landscape of "rooftop sunsets," from the tactile experience of a "pottery workshop" to the leisurely moments of "wine tasting at a vineyard"—offering a unique sense of occasion for every couple. Whether it's cozy, experiential, or luxurious, love always finds the most fitting expression. May you all find the perfect atmosphere for your love story.
The ice hockey schedule for the Milano Cortina 2026 Winter Olympics, featuring preliminary rounds, quarterfinals, and medal matches for both men's and women's tournaments from February 5–22. All game times are listed in Eastern Standard Time (EST).
The steps of market forecasting
Research objectives
Identify markets that require forecasting
Define the goals and objectives of the study
Research relevant market factors and variables
Data collection
Determine the types and sources of data that need to be collected
Execute data collection plan
Collect market-related quantitative and qualitative data
Ensure data accuracy and completeness
Analyze trends
Organize and process collected market data
Apply statistical and analytical methods such as regression analysis, time series analysis, etc.
Detect and analyze market trends and patterns
Determine needs
Determine market needs and changes in demand through trend analysis and market research
Understand the consumer needs and behaviors of your target market
Identify the market’s key demands and pain points
positioning competition
Understand the main competitors in the market through competitive analysis
Research competitors’ products, pricing, marketing strategies and other key elements
Analyze competitors’ competitive strengths and weaknesses
Determine your positioning and differentiation strategy in the market
Develop strategies
Develop market forecast strategies based on market research and analysis results
Determine market goals and strategic direction
Develop go-to-market and marketing strategies
Design product and service features and pricing strategies
Implementation Plan
Convert market forecast strategies into concrete implementation plans
Develop marketing and sales plans
Allocate resources and manpower to ensure smooth execution of plans
Monitoring results
Establish monitoring indicators and evaluation system
Regularly monitor the effectiveness of market forecasts
Analyze market feedback and data changes
revised forecast
Revise forecasts based on monitoring results and market feedback
Adjust strategies and plans
Reassess market demand and competition
Re-make market forecasts based on new information
Evaluate the effect
Evaluate and summarize the effectiveness of market forecasts
Compare the difference between actual market conditions and forecast results
Analyze the accuracy and credibility of forecasts
Propose improvements and optimization measures.