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What is a causal forecasting approach A. econometric model B. scenario development C. brainstorming D. the Delphi technique E. focus groups?
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∙ 15y ago
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∙ 15y ago
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What are some types of demand forecasting techniques?
There are various types of demand forecasting techniques der. 1.Survey technique a.Complete enumeration survey b.Sample survey c.experts opinon d.End user survey 2.Statistical method diffusion index Regression and correlation trend analysis barometric tech econometric tech.Qualitative TechniquesUnaided judgements/Expert Opinion/Hunch MethodCollective OpinionPrediction MarketsDelphi TechniqueJudgementatl BootstrapingSimulated InteractionsConjoint AnalysisTest Marketing Buyer's intentionsConsumer ClinicsNeuro ScienceMarket ExperimentsVirtual Shopping and Virtual ManagementTime SeriesMoving AveragesLeading Indicator MethodCorrelation and Regression EquationsExtrapolationQuantitative Techniques
How do organizations forecast future demand?
based on marketing research , feed-backs and other methods are used to get the data then any of forecasting techniques like scenarios , multi-scenarios or Delphi technique can be used
Providing a subsidy for farmers to grow wheat is an example of what kind of policy technique?
Incetive technique
What is the approach march technique?
its a moving to contact technique part of the the 3 moving to contact techniques which are, search and attack, approach march, and reconnaissance in force.
What is the Pareto analysis?
Its a statistical method to determine the efficiency of a technique.
Which prewriting technique helps a writer generate ideas?
Brainstorming
What is the basic technique for developing ideas in a group setting?
Brainstorming
What is a common and useful technique for generating new ideas in a group setting?
Brainstorming
What does brainstorming?
Brainstorming is a group problem-solving technique that involves the spontaneous contribution of ideas from all members of the group; alsoIt is the mulling over of ideas by one or more individuals in an attempt to devise or find a solution to a problem.
What are the advantages and disadvantages of Delphi method in forecasting demand for a product?
advantages and disadvantages of delphi method of group technique
Brainstorming is best defined?
It is a conference technique for solving solving specific problems, stimulating thinking and creating new ideas by unrestrained participation in discussion
What does brainstorming means?
Brainstorming is a group problem-solving technique that involves the spontaneous contribution of ideas from all members of the group; alsoIt is the mulling over of ideas by one or more individuals in an attempt to devise or find a solution to a problem.
Methods of forecasting in production management?
Methods Techniques of Production ForecastingMethods or techniques of production forecasting are depicted below.Image Credits © Moon Rodriguez.The models or techniques of production forecasting are listed as follows:Brainstorming technique.Goal oriented forecast technique.Graphic charting technique.Matrix technique.Nominal group technique (NGT).Delphi technique.Simple average technique.Now let's discuss each method or technique of production forecasting.1. Brainstorming techniqueBrainstorming technique is used to forecast demand, especially for new products. In this method, many experts sit together and each expert gives his own idea (forecast) and reason for it. One idea leads to many more ideas. The group of experts will develop much more ideas than one person. Based on these ideas, demand can be forecasted.2. Goal oriented forecast techniqueIn this technique, a goal is first fixed. Then the technological developments which are required for achieving that goal is identified. Later, a forecast is made about when these technological developments would take place in the future So, an estimate is made about the timing of these technological developments in an upcoming future. This method is used by large companies, which have their own research and development departments.3. Graphic charting techniqueGraphic charting technique is used to forecast future technological developments by plotting past technological developments on a logarithmic scale. This technique is based on the assumption that knowledge expands. This technique estimate, when the next major (big) technological development is likely to take place.4. Matrix techniqueMatrix is a combination of two or more matters relating to the production process. A matrix is prepared with technological developments, product functions and time factor. Matrix technique is comprehensive. It is flexible and so it can adjust with the changing times. This technique is used only by large companies.5. Nominal group technique (NGT)In nominal group technique (NGT), the group members think independently. Each group member contributes his own ideas. This technique does not allow interaction between the group members at an early stage. Interaction takes place only when the ideas are presented by every single member of the group.6. Delphi techniqueDelphi technique is very much similar to the brainstorming technique. The only difference between brainstorming and Delphi technique is that in a Delphi method, group members don't interact personally. Here, such personal interaction is impossible because group members are physically present at different places.7. Simple average techniqueIn simple average technique, forecasts are based on the average value for a given period of time.A simple average (SA) is the average of demand (sales) for all previous periods. The demands of all periods are equally weighted.SA equals 'Sum of Demands for all periods' divided by 'Number of periods.'Average calculations are made at different intervals in order to reduce error due to seasonal variations. Instead of taking the simple average of the full year's sales, quarterly averages or monthly averages are taken. This gives realistic trends. Averaging reduces the chances of being misled by gross fluctuations that may take place in any single period. However, if the underlying pattern changes over time, simple averaging will not detect the change.
Where does the term brainstorming come from?
BRAINSTORMING- a conference technique of solving specific problems, amassing information, stimulating creative thinking, developing new ideas, etc., by unrestrained and spontaneous participation in discussion.
What is a recommending pre-writing technique for writing poetry?
a. note-taking b. brainstorming c. reading poetry d. all of the above please answer this if you know it... please
The brainstorming technique in which you spend a predetermined period of time writing nonstop about a specific topic and then select a sentence or phrase to start a new free- writing session is called?
Listing
What are some types of demand forecasting techniques?
There are various types of demand forecasting techniques der. 1.Survey technique a.Complete enumeration survey b.Sample survey c.experts opinon d.End user survey 2.Statistical method diffusion index Regression and correlation trend analysis barometric tech econometric tech.Qualitative TechniquesUnaided judgements/Expert Opinion/Hunch MethodCollective OpinionPrediction MarketsDelphi TechniqueJudgementatl BootstrapingSimulated InteractionsConjoint AnalysisTest Marketing Buyer's intentionsConsumer ClinicsNeuro ScienceMarket ExperimentsVirtual Shopping and Virtual ManagementTime SeriesMoving AveragesLeading Indicator MethodCorrelation and Regression EquationsExtrapolationQuantitative Techniques
