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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.
What type of investment are Treasury Bills (T-bills)?
Match the following Important Books on Economics with their respective Authors.
Books on Economics Author
(i) The Wealth of NationsA. Ir...
When was the Bombay Stock Exchange established?
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I. The capital market is a market for securities (debt or equity), where companies and Government ca...
Which of the following is true regarding GDP?
i. In calculating GDP only final marketable goods and services are considered
ii. GDP c...
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National Income was first estimated by
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