Start learning 50% faster. Sign in now
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.
What is the difference between the compound interest, when interest is compounded 5-monthly, and the simple interest on a sum of ₹12,000 for 1(1/4) y...
Determine the compound interest earned on a principal amount of Rs. 10,000, which is invested at an annual interest rate of 42%, with interest being com...
A sum of money is invested at a rate of 12% per annum compound interest for 2 years. If the total amount after 2 years is ₹11,520, what is the princip...
An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of ...
The compound interest on a sum of ₹ 5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:
A principal amount is invested at an annual compound interest rate of y%. After 2 years, the investment grows to Rs. 7200, and after 4 years, it reaches...
Compound interest on a certain sum of money for 2 years is Rs.2660 while the simple interest on the same sum for the same time period is Rs.2500. Find t...
A man invests ₹30,000 in a scheme offering compound interest at 15% per annum, compounded half-yearly. Another man invests ₹35,000 in a scheme offer...
A property dealer bought a rectangular plot in Noida five years ago at the rate of Rs. 1000 thousand per square meter, the cost of plot increases by 5% ...
A sum of rupees 5,000 is invested at 15% per annum compound interest for 1.5 years, compounded half-yearly. What will be the final amount?