Question

Which one of there is the forecasting method that imitates the situation and predicts the demand for the product ? Time series casual analysis linear trend simulation analysis

Answer 1

Explanation:

There are many qualitative techniques used in forecasting. These techniques are primarily based on opinion, like the Delphi Method, Market Research, Panel consensus etc. The Delphi method is very commonly used in forecasting

Answer 2

Simulation Analysis

Explanation:

• A simulation is the emulation/imitation of a process or system in the real world. The system's actions will be analyzed by the use of random numbers to create an artificial system background.
• These numbers are used in the sense of a model of simulation, which means that the relations between objects of interest in the system are expressed mathematically, logically and symbolically.  
• The effects of environmental changes on the system or effects of system changes on system output can be predicted by using the simulation model after the model is validated.

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What are the various sale forecasting methods? - Brainly.in

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