Question

Dimand analyasis method & methodology

Answer 1

Answer:

Statistical Methods: Statistical methods are complex set of methods of demand forecasting. These methods are used to forecast demand in the long term. In this method, demand is forecasted on the basis of historical data and cross-sectional data.

Explanation:

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Answer 2

Answer:

The major statistical methods used fordemand forecasting are: ... Thus, on the basis of the predicted future trend, the demand for a product or service is forecasted. Regression Analysis: Thismethod establishes a relationship between the dependent variable and the independent variables...