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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 trend in household financial savings was observed post-pandemic according to the RBI Deputy Governor?
RBI has projected the inflation to be ____ for 2023-2024.
What is the currency of Laos?
According to the survey conducted by ICRIER & NABARD, only _____of women MSMEs got govt help during the pandemic.
Which country was honoured with the ICC Development Award for 2023, traditionally known for its excellence in football?
The third edition of the Indian Navy’s ‘MAHASAGAR’ virtual interaction was held under the leadership of which Indian Navy official?
The Fifth Schedule of the Indian Constitution applies to the administration and control of Scheduled Areas and Tribes in states excluding which of the f...
Which of the following statements is/are correct regarding RBI penalties?
1. RBI imposed a ₹25,000 penalty on RAR Fincare Limited for non-compl...
Which team won the AFC U-23 Asian Cup for the second time by defeating Uzbekistan in the final?