If an entrepreneur produces too much stock due to wrong estimation then which process can reduce this mistake in future?

Correct answer: Use demand forecasting and customer data

Excess stock suggests that expected demand was higher than actual demand or that production was not matched to sales evidence. Reviewing past sales, customer feedback, seasonal patterns, and current orders can improve demand forecasting. Better forecasts support more suitable production quantities. Producing still more, deleting complaints, or always doubling price does not correct the estimation process.