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.
Devices and objects with built-in sensors are connected to an Internet of Things (IoT) platform, which ________ data from the different devices and ap...
Next he saw the pseudo-teacher seat himself on a log and ________ lost in thought with his red cheeks resting ______ his fists. The woman flung down __...
The deal _____________ signed while hundreds of police armed with truncheons and riot equipment remained on standby outside the hotel.
If they were nervous, it was pretty tough to tell, they had such a friendly, ___________ way about them.
The dark clouds indicate a dust storm ________ outside.
Choose the correct form of the verb to go with the subject.
On the day of the departure, every one of the boat's crew _________ down with fever.
In the following questions, each sentence has two blanks. Choose the appropriate set of words for the blanks that best fits in the context of the sente...
The _________ abused its power by overregulating price.
Fill in the blank with the most appropriate word from the given options.
The government was ……………… and failed to control the situatio...
In each of the questions below, a sentence is given with two blanks, indicating that some parts are missing. Identify the correct pair of words that fit...