Question

State various methods for demand forecasting?

What is demand forecasting? State various methods for demand forecasting?​

Answer 1

Answer:

(1) Statistical methods are scientific, reliable and free from biases. The major statistical methods used for demand forecasting are: Trend Projection Method: This method is useful where the organization has a sufficient amount of accumulated past data of the sales.

(2) Statistical methods are scientific, reliable and free from biases. The major statistical methods used for demand forecasting are: Trend Projection Method: This method is useful where the organization has a sufficient amount of accumulated past data of the sales.