Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
6Activity
0 of .
Results for:
No results containing your search query
P. 1
Demand Forecasting

Demand Forecasting

Ratings: (0)|Views: 51 |Likes:

More info:

Published by: प्रशांत कुशवाहा on Sep 14, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

10/12/2010

pdf

text

original

 
DEMAND FORECASTING
Learning Objectives
1. Make a comprehensive studyof the conditions under which thefirm is operating.2. Have proper knowledge of bothsurvey methods and statisticalmethods3. Adopt suitable method tomake accurate forecasts4. Use commonsense mainly,without relying too much on anyone of the methods to arrive atright conclusions.
 
Demand Forecastingis the activity of estimating thequantity of a product or service that consumers willpurchase. Demand forecasting may beused in makingpricingdecisions, inassessing futurecapacityrequirement s, or in makingdecisions on whetherto enter anewmarket .
 
IMPORTANT FEATURES OFDEMAND FORECASTING
It is basically a guess work.
It is in terms of specificquantities
It is undertaken an uncertainatmosphere
A forecast is made for aspecific period of time
It is based on historicalinformation and the past data
It tells us only theapproximate demand for aproduct in future
It is based on certainassumptions.
It can not be 100% precise.

Activity (6)

You've already reviewed this. Edit your review.
1 hundred reads
rm1313 liked this
Sarfaraj Rahman liked this
Mahesh Kumar liked this
Mahesh Kumar liked this
bongi liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->