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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.
Which of the following article is related to the Prohibition of discrimination on grounds of religion, race, caste, sex or place of birth?
Which of the following Statements about the UNICEF is/are True?
I- UNICEF became a permanent part of the United Nations in 1953.
II- UNICE...
Ministry of Agriculture and Farmers’ Welfare established SARTHI Portal in collaboration with which of the following organisations?
One of the components of Pradhan Mantri Krishi Sinchayee Yojana deals with Creation of new water sources through minor water system, Repair, reclamation...
Which initiative was launched by Atal Innovation Mission NITI Aayog in collaboration with the Innovation Centre Denmark (ICDK) at the Royal Danish Emba...
Which of the following Statements about OECD is/are True?
I- Most OECD members are high-income economies with a very high Human Development Index...
Which of the following ministries is associated with “Aazadi se Antoday take'' campaign?
Which of the following is the theme for recently conducted Economic Times Global Business Summit 2023?
The Election Commission of India has celebrated _______ National Voters’ Day on 25th January 2024.
Which of the following is/are covered under PMMSY?
I.               Enhancement of Production and Productivity
II. Â...