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.
In Indian Constitution, the idea of DPSP was taken from?
In the recently held 10th Asian shooting championship India had won 21 medals. The championship was held in
राजस्थान दिवस कब मनाया जाता है ?
Next QUAD Summit 2023 will be held at which place?
Corporate governance involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financi...
Which state government will be providing 300 units of electricity to the public from 1st July, 2022?
Identify the 'Father of Indian Statistics.'
Which of the following statements are correct in regards to Article 323A:
1. It deals with Administrative Tribunals.
2. It contemplates th...
The 2nd phase of 36 ‘Saansad Khel Mahakumbh 2022-23’ has been inaugurated in which district of the state Uttar Pradesh?
Who is the present Human Resource Development minister in INDIA?