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 does the "Word Count" feature in a word processing software typically provide?
A person, 'Q', uses 40% of their monthly income on food and then spends 60% of what is left on rent. After covering these expense...
I). p 2 – 5p – 126 = 0
II). q 2 + 9q – 90 = 0
Income of A is twice the income of B. B and A spend 55% and 65% respectively of their incomes. Find the savings of A, if B saves Rs. 18000 in a month.
28, 52, 84, 124, 172, ?.
315 people went to a park. The number of men is 25 more than the number of women and the number of adults is 15 more than the number of children. How ma...
Pipe P can fill a tank by itself in 16 hours, while pipe R can empty the tank in 36 hours when it is full. Together, pipes P and ...
Ayush invested a certain amount at a compound interest rate of 20% per annum, compounded annually, for 2 years and earned Rs. 2,3...
Three colleagues, M, N, and O, have an average age of 27. Ten years ago, their ages were in the ratio of 4:6:7. What is the average age of M and N today?
A triangle has sides 7 cm, 24 cm, and 25 cm. A circle is inscribed in the triangle. What is the area of the triangle not covered by the circle?