Question
The type of demand forecasting, which is based on data
from customer surveys is known as _________.Solution
1. Trend projection Here data of past sales is used to project future sales. This is the simplest and most straightforward method of demand forecasting. 2. Market research This is based on data from customer surveys. Time and effort is required to prepare and send out surveys and tabulate data. 3. Sales force composite This method uses the experience of the sales team in a company. Feedback from the sales group is used to forecast customer demand. 4. Delphi method Demand forecasting experts from outside the firm are involved in this method. Several rounds of questionnaires are held which are to be responded anonymously until the group of forecasting experts comes to a consensus. 5. Econometric A mathematical formula is created to predict future customer demand. Here, statistical tools and economic theories are combined to estimate the economic variables and to forecast the intended variables.
The speed of boat in still water is 48 kmph. If it takes 5 hour to go upstream 40 kms, in what time approximately will it return same distance downstrea...
The speed of Boat is given as 20 km/hr and 28 km/hr while travelling to Upstream and downstream individually.Then, the boat travelled for ‘T’ hours ...
Speed of a boat in still water is 48 km/h and the speed of stream is 25% of the speed of boat in still water. If the time taken by boat to cover a dista...
The speed of a boat in still water is 10 kmph. It covers a distance of 60 km downstream in 5 hrs. The speed (in kmph) of the stream is
The speed of boat downstream and upstream is 32 km/hr and 24 km/hr respectively. Time taken to travel a distance of (d + 55) km downstream and (e + 35) ...
When travelling downstream, a boat takes 6 hours to travel 240 km. If the speed of the stream is (3/8)th of downstream speed of the boat, the...
A boat can cover 200 km in upstream in 10 hours and 220 km in downstream in 4 hours. Find the speed of the stream.
A boat can cover 200 km in downstream in 10 hours and 150 km in upstream in 15 hours. Find the distance travelled by the boat in still water in 5 hours.
(√3364+ √484) – √2916÷ √1296 × √36 ÷ √64 = ?
A boat travels 30 km upstream and 45 km downstream in 6 hours. If the speed of the stream is 4 km/h and the boat’s speed in still water is 8 km/h, wha...