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.
As per Administrative Report 2020-21 of the Forest Department, the top two districts in forest area are -
Which of the following environmentalists was awarded the Stockholm Water Prize in 2015?
Which country is the first to withdraw from the 2015 Paris climate agreement?
The Airport Authority of India(AAI) started a scheme to encourage the talent of women, artisans and craftsmen and provide them with the right ...
SPIC MACAY (Society for the Promotion of Indian Classical Music And Culture Amongst Youth) is a non-political, nationwide, voluntary movement founded in...
The government has decided to enhance the funding of the manufacturing of domestic cells and modules from existing Rs 4,500 crore to ______ crore now?
Mughal ruler, Aurangzeb died in which year?
By which year will India launch its first orbiter mission to Venus?
In SMA -1, the overdue period is from ______________.
Consider the statement related with Campaign ‘SAKSHAM’.
1. To create awareness among the consumers of fossil fuels.
2. The campai...