Predicting he demand beforehand with the use of the qualitative or quantitative techniques are works as the winning factors for the business organization. Forecasting allows the organization to meet the customers demand and a he same time to balance the inventory in the optimal level. This not only increases the revenue of the organization, but also reduces the waste and operating costs. The forecasting is a critical task in the global environment as it involves many related factors. The cultural and political factors of a specific also have a huge impact on the changing demand of a product in the global business scenario.