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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.
Indian Oil embarks on Intensified TB Elimination Project in ____and _____ in collaboration with Central TB Division.
Which of the following statements about India's solar photovoltaic (PV) module capacity expansion is true, according to the joint report by IEEFA and JM...
JP Morgan has decided to include government papers issued by the Reserve Bank of India (RBI) under the fully accessible route in its widely tracked emer...
Recently IRDAI hiked maximum investment limit of insurers in banking, financial services and insurance (BFSI) companies from 25% to ________?
India holds the distinction of being a founding member of which United Nations body that promotes the management, conservation, and sustainable developm...
Which city was awarded the title of “City of Literature” at the UNESCO Creative Cities Network (UCCN) conference in Portugal?
Consider the following statements about the V. Shantaram Lifetime Achievement Award:
1. It is awarded for contributions to feature films.
...Which of the following is not the Parameter of Financial Inclusion Index of Reserve Bank of India?
Recently the Government raises maximum tenure of PSU banks’ CEO to ____ years, from the earlier 5 years