18.simple co-relation is - method
of demand estimation. साधा सहसंबंध ही
मागणी पूर्व अनुमानाची
पद्धत आहे.
O Direct प्रत्यक्ष
O indirect अप्रत्यक्ष
O specialविशेष
Odifferent वेगळी
Answers
Answer :
Simple co-relation is direct method of demand estimation.
Explanation :
The simple correlation method of demand estimation is a direct method of analyzing the relationship between demand for a product or service and one or more factors that may influence that demand. This method involves collecting data on demand and the relevant factors and using statistical techniques to identify any correlations between the two. The strength and direction of the correlation can provide insights into the factors that drive demand and can be used to make predictions about future demand based on changes in those factors.
The simple correlation method is a straightforward and widely used approach to demand estimation that can provide valuable insights for businesses and organizations. It is often used in conjunction with other methods to provide a more comprehensive understanding of demand patterns and trends. For example, a business may use the simple correlation method to understand how changes in economic conditions, such as changes in income or employment levels, impact demand for their products. This information can help the business make informed decisions about production, pricing, and marketing strategies.
In addition to analyzing the relationship between demand and external factors, the simple correlation method can also be used to examine the relationship between demand and internal factors, such as the effectiveness of marketing campaigns or the level of customer satisfaction. By understanding these relationships, businesses can better anticipate and respond to changes in demand and optimize their operations.
To know more about the concept please go through the links :
https://brainly.in/question/54523485
https://brainly.in/question/9038231
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