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.
Golden rice, which is genetically modified, is rich in:
Water potential of chemically pure water is:
Heavy infestation of which of the following causes poor ploughing performance?
Cryoprotectant used in fish preservation is
Given below are two statements:
Statement I: Orobanche (Broomrape) is a total-root parasitic weed in rapeseed mustard.Statement II: Striga (witch...
When is World Wetland Day celebrated?
The let-down of milk in cow is due to release of which of the following hormone?
The term used in genetics in which an offspring to resemble its parent is known as
Butter and animal fat are
During photosynthesis, carbon dioxide is converted into: