Economy, asked by aanya1565, 10 months ago

Demand forcasting explain the statical meathod of demand forcasting

Answers

Answered by itzBrainlyBoy

1

Answer:

The first approach involves forecasting demand by collecting information regarding the buying behavior of consumers from experts or through conducting surveys. ... The survey method is generally for short-term forecasting, whereas statistical methods are used to forecast demand in the long run.

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