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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.
Which algorithm is used to search for a specific element in a sorted array by repeatedly dividing the search interval in half?
Which of the following is a characteristic of a well-formed transaction?
Which data analytics technique is best suited for identifying hidden patterns or relationships in large datasets?
Which COCOMO model is used for early-stage estimates with limited project information?
Attributes that do not exist in the physical database, but their values are derived from other attributes present in the database.
The truth table for a boolean function with two variables, A and B, has four rows. How many different boolean functions can be defined with two variables?
In the context of sorting algorithms, which one of the following is not a comparison-based sorting algorithm?
Type of plotter in which the paper is held stationary and paper is held by underneath section is classified as
Which type of instruction pipeline allows multiple instructions to be processed simultaneously at different stages?
Which one of the following is used for artificial intelligence?