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Q. Can you explain about Demand Forecasting?
Demand forecasting involves forecasting and estimating the quantity of a service or product that consumers will buy in future. It attempts to evaluate the significance and magnitude of forces which will affect future operating conditions in an enterprise. Demand forecasting includes use of various formal and informal forecast techniques like informed guesses, use of historical sales data or current field data gathered from representative markets. Demand forecasting can be used in making pricing decisions, in assessing future capacity requirements, or in making decisions on whether to enter a new market. So demand forecasting is estimation of future demand. According to Cardiff and Still, 'Demand forecasting is an estimate of sales for a specified future period based on a proposed marketing plan and a set of particular competitive and uncontrollable forces'. Demand forecasting is a projection of firm's expected future demands.
The greenhouse gas emission is estimated to grow in the medium and long term. In order to minimize the negative effects of global climate change, it is required to stabilize the co
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Q. Types of production function? Production function is of two different forms: The variable proportion production function The fixed proportion production functio
define scarcity and oppurtunity cost.show how these concepts are useful in managerial decision making
The city of Cabernet is very popular for its production of wine. The inhabitants of the city have an aggregate demand for wine that can be described as follows: where Q d
A firm hires two risk-neutral workers to assemble bicycles and pays $20 for each assembly.Charlie's marginal cost of allocating effort (measured in dollars) to the production proce
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is the sales maximization applicable
iwant presentation on united postal services on social cost and benefits
explain the managerial economics
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