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Q: Whats the two general approaches to forecasting?
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What is blueprint approach in cooperatives?

The blueprint approach is one of two approaches to cooperative organization. This approach assumes that a model that has been tested can be duplicated from above without considering the needs of the new area.


What is fashion forecasting?

Fashion forecasting is the prime issue underlying the issue of trends. It is not an occupational guessing game because very substantial amounts of money of the fashion industry are at stake. It. Is a vital activity where experienced fashion analysts scrutinize past buying patterns signs for current market dynamics and project these into the future. There are forecast agencies that collect facts pertaining to consumer buying patterns, activities and occasions for which clothes are needed, their priorities, reading habits etc. this is done through liaison with stores, retailers and wholesalers fashion professionals also rely on information sources such as design, colour and video Services, newsletters, books, magazines and websites. In order to gear up for the season to come, the fibre and textile producers must start new developments almost two years in advance, clothing and accessory manufacturers must have their products ready well in time months before the consumers' wearing season. Without well-judged projections of designs, colours and fabrics by the forecasters, the producers would not be able to sell in large quantities of unsold to be disposed through discount sales, the importance of the forecaster in trend analysis becomes invaluable.Fashion forecasting is process where we try to get consumers mood towards the next selling season to avoid loss and we can plan our marketing in advance. One of great fashion forecasting companies are f-trend.com, wgsn.com. They are global leader in accurate trend forecasting companies.


What top 3 US cities do advertisers spend the most money in?

The top three US cities that advertisers spend the most money in are New York, Los Angeles, and Dallas. General Motors and Procter & Gamble Co. are two of the largest advertisers in the country.


What are the various factors that affect the pricing of a product?

the pricing of a product is largely depended on the two main factors : - 1. Internal like cost of production profit margin etc 2. External like type of market, general economic conditions, competitors, nature of the product etc.


How does competition among firms benefit consumers?

If you have competition between two competing firms they both must offer good service or product with competitive price. Another way to increase sales in a competitive market it to add "features" that customers want, such as free shipping, extended warranties, improved reliability, and so forth, all of which will benefit at least some of the consumers. When the marginal costs for thousands of "extras" approaches zero, the markets are flooded with goods having "features" that either nobody wants or nobody is willing to pay for.

Related questions

What are the two general approaches to forecasting?

The two general approaches to forecasting are quantitative methods, which rely on historical data and mathematical models to predict future outcomes, and qualitative methods, which use expert judgment, market research, and other non-numeric factors to make forecasts.


What are the two general approaches for attacking a Cipher?

Cryptanalysis and Brute Force Attack


Planning versus forecasting?

Planning and forecasting are two principles that have to work together. During planning of financial projects forecasting will be used to estimate various aspects of the project and so on.


What is manpower demand and supply forecast?

The two different sections of manpower forecasting are the manpower demand forecasting and the manpower supply forecasting. These techniques are used to regulate the supply and demand balance.


The invention of what two scientific instruments began the age of modern weather forecasting?

The two scientific instruments that began the age of modern weather forecasting are the, thermometer and barometer.


What are the approaches to probabilty?

The two main approaches are the Classical approach and the Bayesian approach.


What are the two major types of approaches studied in geography?

The two major types of approaches studied in geography are physical geography and human geography. Physical geography focuses on natural features and processes of the Earth's surface, such as landforms, climate, and ecosystems. Human geography, on the other hand, emphasizes the spatial aspects of human activities and relationships, including population distribution, urbanization, and cultural landscapes.


What are the different approaches of psychology?

There are several different approaches in psychology, including biological, behavioral, cognitive, humanistic, psychodynamic, and sociocultural perspectives. Each approach focuses on different aspects of human behavior and mental processes, providing unique insights and approaches to understanding and treating psychological issues.


Define approaches in bridge engineering?

Bridge approaches typically experience two types of settlement, global and local.


What are the Two traditional approaches to utilitarianism?

fundamental and secondary utilitarianism


Two traditional approaches to utilitarianism are?

act and rule utilitarianism.


What are two specific approaches toward collective security?

The Nuclear Non-Proliferation Treaty, The treaty not to develop Chemical or biological weapons are two specific approaches toward collective security.