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 which city of India is the under-construction Yuge Yugeen Bharat museum located, set to become the largest museum in the world?
How much financial allocation has been given to the newly launched Vibrant Villages Programme?
What is the primary focus of the Memorandum of Understanding (MoU) between NTPC Green Energy Limited (NGEL) and Nayara Energy?
For what achievement did Indian Railways enter its name into the Limca Book of Records?
What is the consideration amount paid by the Aditya Birla Fashion and Retail (ABFRL) to acquire controlling stake (51 per cent) in TCNS Clothing?
Which of the following committee of RBI is responsible for fixing the benchmark interest rate in India?
Which of the following is the output of the country less the intermediate consumption, which is the difference between gross output and net output?
Who has been rewarded with the Lifetime Achievement Awards by the Inida-UK Achievers Honors?
Samir V Kamat has been appointed as the Chairman of _______.
Which destroyer was deployed to Port Victoria, Seychelles to coincide with the Independence Day of the Seychelles on 29 June2022?
