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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 statements regarding shifting cultivation is NOT true?
“Queen of milk” breed among the following goat breeds.
An autonomous commercial policy instrument, directed to promote and sustain mutual trade and to develop economic co-operation among countries is termed...
What type of agricultural marketing system involves a single intermediary who buys products from farmers and sells them to retailers or consumers?
Which of the following is NOT an element of marketing mix?
The degree of responsiveness between output and input is measured by:
National Research Centre on Seed Spice is located at
The World Trade Organization (WTO) is a global international organization dealing with the rules of trade between nations. Who is the current Director-...
‘Heart rot’ in Sugarbeet and ‘water core’ in turnip are the deficiency symptoms of:
Under the scheme, how much amount will paid to the beneficiaries in each instalment?