Question
Christy pest control solutions was trying to forecast
sales for the next year. The marketing manager sent out a survey to 1000 prospective customers, asking them if they were planning to deinfect their houses in the next 12 months. This is an example of a: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. Â 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. Â 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. Â 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. Â 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.
What is the total capacitance in the given circuit?
If a force of 20 N is applied to push a 4 kg object, what is the acceleration produced? Â
A ray of light passing through an equilateral triangular glass prism from air undergoes minimum deviation when angle of incidence is 75% of the angle o...
A closely wound solenoid 40 cm long has 5 layers of windings of 400 turns each. The diameter of the solenoid is 2 cm. If the current carried is 8.0 A, e...
What does the slope of a velocity-time graph represent?
A plane mirror is placed on a wall. A man walks directly toward the mirror at 2 m/s. The speed at which his image approaches him is:
In an ideal gas, the relationship between pressure P, volume V, and temperature T is given by:?   Â
Which of the following materials is used for the generation of ultrasonic waves by using magnetostriction effect?
If the temperature of a place increases suddenly, the relative humidity –
A decibel is –