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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.
An area having LGP 1 to 74 days is
Which of the following is a good conductor of heat but a bad conductor of electricity?
The scientific and commercial method of beekeeping for the production of honey and wax is called
Chemoautotrophs can survive on ______alone.
Choose the correct option
Statement I: Percolation ponds/tanks are constructed for effective recharge of groundwater
Statement II: Emergen...
Sew village concept facilitates the empowerment of Agriculture farmers
Calculate the amount of urea for 4000 m2 area if nitrogen application rate is 120 kg/ha
Which of the following has no Pi bond?
The success of 'green revolution' during 1960s was only possible due to the dwarfing gene. Dwarfing gene in rice is ……………………..
...Agricultural Education Day is celebrated on