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.
Select the correct active form of the given sentence.
Anything would have been permitted by Alice Bennett.
Two sentences are given below, with three words emboldened in each of them. Interchange the words between two sentences to form a grammatically and con...
Preparations were being made for the sports meet at the school.
By whom was this window pane broken?
Choose the option that is the passive form of the sentence.
The child tore the page of the book.
Choose the option that is the active form of the sentence.
By whom was this window broken? Five packets of milk were delivered by the milkman.
Select the correct active form of the given sentence.
AIDS will have been cured by the year 2070 by scientists.
The fur coats were imported from Sweden by us.
The teacher said to Rana, “Have you completed the project?”
The dormitories were being cleaned by some girls.
