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Start learning 50% faster. Sign in now1. 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.
The numbers ‘A’, ‘B’ and ‘C’ are in the ratio 2:3:5. If the difference between the largest number ‘C’ and the smallest number ‘A’ is...
The ratio of the two numbers is 3:7. 120% of the first number is equal to the 60% of the second number. Find the sum of both the numbers.
The ratio of speeds of A and B is 3:4 and A takes 15 minutes more than B to reach the destination, how many hours will Be to reach the same place?
The monthly incomes of Vishal and Rahul are in the ratio 7:6. Their combined monthly income is Rs. 6500. Rahul's monthly savings are Rs. 1200, and Visha...
Two years ago the ratio of annual salary of three friends P, Q and R is 4 : 3 : 5. Every year since then the salary of P, Q and R increases by 10%, 12% ...
Three Partners Chandra, Shekhar and Azad invested in the ratio of 3/2, 2/3, 4/3 in a business. After 3 months Chandra decreased his capital by 50%. If t...
What must be added to each term of the ratio 3:7 so that it may equal to 4:5?
The ratio of P :Q is 3 : 5 and that of Q : R is 4 : 7. If P equals 2400, then what is the value of R?
A total amount of Rs. 1220 is to be divided between two friends, Ram and Ranjan, in the ratio (7/9):(11/12). What is the difference between the amounts ...