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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.
Which of the following is the correct full form of REIT?
A company earned a profit of Rs. 10,000 during the year. If the marginal cost and selling price of the product are Rs. 2 per unit and Rs. 4 per unit res...
The following information is available about CrismsonCoporation. Study it carefully to calculate the basic EPS for the year ended Marc,31, 2015.
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Calculate net working capital?
What is the formula for calculating operating leverage?
Calls in arrear is shown in Balance Sheet as?
In ABC analysis, A, B and C stand for:
Which of the following concepts says that the business is different and the owner is different?
Section 24 (a) prescribes the standard deduction from NAV of a sum equal to?
Which of the following insurance contracts is likely to have a significant insurance risk component?