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In demand forecasting important method used in trend projection is?
Delphi method
What is projected sales?
A sales projection is the amount of revenue a company expects to earn at some point in the future.
What is meant by trend projection?
It means basically that a prediction is being made in advance for a particular trend. The trend may be the purchasing of certain products, public reactions, new fads, etc.
What is demand analysis forecasting?
I'll give you the gist of Demand Analysis Forecasting: Demand analysis forecasting is the process estimation of quantity of a product or service that will be demanded by the customer in the future. Demand forecasting is carried out using both, informal methods, like educated guesses or quantitative methods that involve the use of historical data or existing data from the test markets. Demand forecasting helps in the formulation of pricing strategies, estimation of future product capacity and making crucial decisions relating to the entry or exit from new markets. Methods of Demand forecasting: Qualitative Methods: 1. Jury of expert opinion method 2. Delphi Method: *Developed by RAND Corp *Individuals are asked to answer questionnaires in a total of 2 to 3 rounds *The persons involved often maintain anonymity even after the test has been completed. Quantitative Methods: 1. Time series projection methods: *Trend projection method *Exponential smoothing method *Moving average method Casual methods: 1. Chain ratio method 2. Consumption level method 3 End use method 4.Leading indicator method
What are the factors that are considered while forecasting firm's sales enumerate the special difficulties in forecasting the sales of consumer durables?
-Sales forecasts are common and essential tools used for business planning, marketing, and general management decision making. A sales forecast is a projection of the expected customer demand for products or services at a specific company, for a specific time horizon, and with certain underlying assumptions. -Assessing market potential involves observing and quantifying relationships among different social and economic factors that affect purchasing behaviors. Analysts at the industry level look for causal factors that, when linked together, explain changes (upward or downward) in demand for a given set of products or services. -Sales forecasting is an attempt to predict what share of the market potential identified in a market forecast a particular company expects to have. For very small companies that serve only a fraction of the total market, the company forecast may not even explicitly consider the market forecast or share, although implicitly, of course, the company's sales are subsumed under the total market size. In the other extreme, a monopoly's sales forecast is essentially the same as the market forecast. -Forecasting may also consider how the company rates against its competitors in terms of market share, research and development, quality, pricing and sales financing policies, and overall public image. In addition, forecasters may evaluate the quality and size of the customer base to determine brand loyalty, response to promotions, economic viability, and credit worthiness.
What are the three types of projection maps are?
Mercator Projection, Interrupted Projection, Robinson Projection
How are a mercator projection and an Robinson projection map the same?
what similarity about the mercator projection and the robinson projection?
What is the definition of angle of projection?
the angkle of projection is an angle and the projection
Is the spine projection or depression?
A meatus is an opening; therefor, it's a depression, not a projection.
What came first Mercator projection or the Robinson projection?
Robinson projection
Is the spine a projection or a depression?
projection
Is the head a projection or depression?
projection
Is ramus a projection or depression?
projection
Is a head projection or depression?
projection
What is a Winkle Tribal map projection?
A Winkle Tribal map projection is a modified azimuthal map projection. This is one of three projection.
What is difference between parallel and perspective projection in Computer Graphics?
Parallel projection does not produces realistic views whereas perspective projection produces realistic viewin parallel projection lines of projection are parallel whereas in perspective projection lines are not parallel and the point where these lines meets is called ceter of projection in case of perspective projection
What type of projection is a Mercator?
cylindrical projection
