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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.
Consider the following statements:
1. In the early Vedic period, the land was a well established private property.
2. Most of the wars fou...
Consider the following pairs with reference to temples and their schools of architecture:
How many types of taxes were imposed during the reign of Alauddin Khilji?
Which among the following statements is not correct regarding Swadesh Bandhab Samiti?
At which of the following places the evidence of the burial of a dog along with a human has been found?
The Indian Flag was designed by
Who started the Home Rule League?
Consider the following statements about the reign of King Ashoka:
1. He is the first Indian king to communicate directly to the people through hi...
Who was the first emperor of the Pala dynasty of Bengal?
In which year written examination for ICS started?