Demand forecasting
Download as PPTX, PDF0 likes372 views
Demand forecasting involves predicting future demand for a company's products. It helps with business decision-making. The process includes specifying objectives, determining the time frame, selecting a forecasting method, collecting and adjusting data, estimating results, and interpreting them. Common statistical forecasting methods are survey methods like consumer surveys, opinion polls, and complete enumeration. Survey methods gather data directly from consumers.
Demand forecasting
- 1. ASHOK KUMAR SINGH PGDM 1St semester
- 2. DEMAND FOReCaSTING Demand forecasting the predicting the demand in future for the firm’s product . The knowledge about the future demand for the product helps a great deal in the many areas of business decision – making.
- 3. Steps in demand forecasting Specifying the objective Determining the time perspective Making choice of method of demand forecasting . Collection of data & data adjustment Estimation and interpretation of result
- 4. METHOD OF DEMAND FORACASTING DEMAND FORECASTING SURVEY STASTICAL
- 5. ***************************** SURVEY METHOD OPINION POLL CONSUMER SURVEY COMPLETE SAMPLE END USE METHOD ENUMIRATION SURVEY
- 6. ****************************** OPINION EXPERT MARKET POLL OPINION STUDIES METHOD
- 7. SIMPLE SUEVEY EXPERT OPINION DELPHI OPINION SURVEY POLL MARKET MARKET STUDY TEST LABORATORY TEST
- 8. THE END THANK U