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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.
The Reserve Bank of India (RBI) has notified that nearly 97.38 per cent of the Rs 2,000 bank notes have been returned to the banking system.According to...
The Khijadiya Bird Sanctuary in _________ and Bakhira Wildlife Sanctuary in ________ have been listed as Wetlands of International Importance by the Ram...
The Mughal queen, whose name was inscribed on the coins and on all royal farmans as well as attached to the imperial signature was
Through the inaugural naval exercise 'Ex-Ayutthaya,' which nation has established a connection with the Indian Navy?
In which town is India's largest reclining statue of Lord Buddha currently under construction, with dimensions of 100 feet in length and 30 feet in height?
The data released by the Ministry of Statistics and Programme Implementation (MoSPI), the indian economy grew at _____ between October and December 2022...
The state’s capital Jaipur formation day is observed on?
Which among the following constitutes the foreign exchange reserves of India as maintained by the RBI?
4 bits is equal to
Which of the following statements is correct based on India's trade performance during the April-June quarter?