calculating demand

USAGE SUMMARY

The phrase "calculating demand" is correct and usable in written English.
You can use it in contexts related to economics, business, or supply chain management when discussing the estimation of consumer needs for a product or service. Example: "The company is focused on calculating demand to ensure they have enough inventory to meet customer needs during the holiday season."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

Pepy mooted doubling the scale of any high-speed network by building four lines rather than two, citing an error in calculating demand for the Paris-to-Lyon route.

The Guardian

If it amounts to a big number it will be because of the large number of users, not a large surplus per user.One other facet of the platform makes calculating demand and thus consumer surplus challenging: not all users will have the same low elasticity.

The Economist

A large percentage of Google's YouTube advertising platform is automated, with similar problems to solve in terms of figuring out what ad to serve to what viewer, calculating demand and allocating available inventory, and more.

TechCrunch

The need and approach to calculating demand for service provision will vary depending on the service of interest.

F1000Research

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

We calculated demand.

Cornell University

And then we try to use that to calculate demand and supply.

Cornell University

(Net present value measures return on an investment over time). They further aggregated by sector: domestic, big retailers and big wholesalers, restaurants and hotels, and calculated demand, cost and precipitation.

Columbia University

As before, we use a tool such as Excel Solver that plugs in trial values for the shares and the fractions, calculates demand estimates and sees how close the resultant forecasts are to actual sales.

Harvard Business Review

For its part, the Isotope Program calculated demand for the gas not in a scientific way but instead on the basis of how many commercial companies called to inquire each year about helium-3 supplies.

The New York Times

Although she has worked in marketing for more than two years, her educational background is in chemistry, so she is using her courses to fill some important knowledge gaps, such as how to calculate demand for a product and design a distribution channel.

Harvard Business Review

For instance, on Saturday night there are more people who want a ride and in order to encourage more people to drive then, the apps calculate demand against available drivers and bump up the rates.

Forbes

Expert writing Tips

Best practice

When "calculating demand", clearly define the scope and variables considered in your calculation to ensure accurate and relevant results. For example, specify if you are calculating potential demand, current demand, or future demand, and identify key factors influencing demand such as seasonality or economic indicators.

Common error

Avoid solely relying on historical data when "calculating demand". Consider external factors like changing market trends, competitor actions, and economic shifts that can significantly impact demand forecasts and lead to inaccurate estimations.

Linguistic Context

The phrase "calculating demand" functions as a gerund phrase, acting as a noun. It describes the activity or process of determining the level of need or desire for a product or service, as shown by Ludwig.

Expression frequency: Uncommon

Frequent in

Science

40%

News & Media

40%

Formal & Business

20%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "calculating demand" is a grammatically correct and understandable phrase, as validated by Ludwig. It acts as a gerund phrase describing the process of determining the level of need for a product or service. While Ludwig indicates the term is usable in written English, it also highlights the importance of considering different contexts and potential alternatives such as "assessing demand" or "estimating demand". The phrase is most frequently found in scientific and news & media sources, reflecting its relevance in both analytical and reporting contexts. When using this phrase, ensure clarity in scope and consider external factors to avoid common errors in demand estimation.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

assessing demand

This alternative focuses on evaluating or judging the level of demand, rather than the process of numerically determining it.

estimating demand

This implies an approximate calculation or judgment of demand, often used when precise data is unavailable.

determining demand

This suggests a more conclusive or definitive finding of the demand level.

forecasting demand

This refers specifically to predicting future demand, usually based on historical data and trends.

quantifying demand

This emphasizes the process of expressing demand in numerical terms.

computing demand

Similar to calculating, but might imply a more technical or automated process.

analyzing demand

Focuses on a detailed examination of demand patterns and factors influencing it.

measuring demand

This suggests finding the extent, quantity, amount, or degree of demand.

evaluating demand

This focuses on assessing the significance or value of the demand.

projecting demand

Similar to forecasting, but can also refer to extrapolating current trends.

FAQs

How can I accurately calculate demand for a new product?

Accurately calculating demand involves market research, analyzing comparable products, and conducting surveys to gauge interest. Consider factors like target audience, pricing, and marketing efforts to estimate potential sales. You might want to use phrases like "assessing demand" or "estimating demand" as alternatives.

What's the difference between calculating demand and forecasting demand?

"Calculating demand" often refers to assessing current or historical demand based on available data, while "forecasting demand" involves predicting future demand, typically using statistical models and trend analysis. Use "projecting demand" for a similar idea.

What data is essential for calculating demand effectively?

Essential data includes historical sales data, market trends, customer demographics, pricing information, competitor analysis, and economic indicators. The more comprehensive your data, the more accurate your demand calculations will be.

What are some common errors to avoid when calculating demand?

Common errors include relying solely on past data without considering external factors, ignoring seasonality or cyclical trends, and failing to segment your market. Always validate your calculations with real-world data and adjust as needed.