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.
Read the given statements and conclusions carefully and decide which of the conclusions logically follow(s) from the statements.
Statements:
Statements: Y $ Z, H $ D, Z * D
Conclusions: a) Y & H b) Y * D
...Statements: Z ≥ S > H, C > H, T = O ≥ H
Conclusions:
I. T > C
II. Z > H
A statement is given, followed by few conclusions. You must assume everything in the statement to be true, and on the basis of the information given in ...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Statements: V > U = T ≤ S; T > Z > L; L = N ≥ O
Conclusions:
I. V > L
II. O < S
III. T > V
Statements: A > B; C > D; E ≥ A; F = C; C < B
Conclusions:
(i) B > D
(ii) A > F
(iii) F < E
Statements: S > T ≥ U ≥ V; W < X = V > Y
Conclusions: I. Y > T ...
Statements: P ≥ Q, R > S, R ≥ Q, T = P < U
Conclusion:
I. R > P
II. U > Q
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true, and th...
