Importance of demand forecasting in production and operations mgt
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Statistical methods are scientific, reliable and free from biases. The major statistical methods used fordemand forecasting are: Trend Projection Method: This method is useful where the organization has sufficient amount of accumulated past data of the sales.
Statistical methods are scientific, reliable and free from biases. The major statistical methods used fordemand forecasting are: Trend Projection Method: This method is useful where the organization has sufficient amount of accumulated past data of the sales.
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