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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.
The Financial Access Survey, launched in 2009, is a supply-side dataset on access to and use of financial services aimed at supporting policymakers to ...
Which of the following is a feature of the Peninsular river system in India?
1. The Peninsular rivers receive water only from rainfall.
Who chaired the third Tamil Sangam?
How many countries are members of the OECD?
Where is the Telangana Super Thermal Power Project (Stage-I) located, and what is its capacity?
In August 2023, Neeraj Chopra made history by winning the _________medal's in the men's javelin throw event at the World Athletics Championships held in...
What was the primary focus of the national workshop convened in Ranchi, Jharkhand, from February 15-16, 2024, under the Deendayal Antyodaya Yo...
Which of the following is not considered a greenhouse gas?
Which of the following are satellite ports?
What is Kaveri?