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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.
In a compound, the elements are always present in definite proportions by:
In the periodic table of elements, what happens to the atomic radius as you move from left to right across a period?
The fossil of Archaeopteryx represents the evidence of origin of
On a clean glass plate, a drop of water spreads to form a thin layer whereas a drop of mercury remains almost spherical because:
What is the chemical name for baking soda?
Which of the following is a noble gas ?
What is the chemical name of the Laughing Gas?
_________is a formula for rust.
Which of the following is a water soluble vitamin?
What is the chemical name of baking soda?