Economy, asked by sameerfea5747, 1 year ago

Examine the trend projection method of demand forecasting with illustration

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Answered by shivanshusingh97
1

In predicting demand for a product, the trend projection method is applied to the long time-series data. A long-standing firm can obtain such data from its departments (such as sales) and the books of accounts. While the new firms can obtain data from the old firms operating in the same industry. The trend projection method includes three techniques based on the time-series data. These are:

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