Briefly describe the methods of forecasting future demand
What will be an ideal response?
The methods are:
1. Survey of buyers' intentions: Marketers survey customers about purchase probability, present and future finances, and expectations about the economy.
2. Composite of sales force opinions: Sales representatives are asked to estimate their future sales.
3. Expert opinion: The company obtains forecasts from experts, including dealers, distributors, suppliers, consultants, and trade associations. They also may buy forecasts from economic-forecasting firms.
4. Past-sales analysis: The forecast is based on time-series analysis, exponential smoothing, statistical demand analysis, or econometric analysis. These methods use past sales as the basis for the forecast.
5. Market-test method: The marketers conduct a direct-market test to understand customer response and estimate future sales.
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Which of the following crimes is not classified as a misdemeanor?
A. Disorderly conduct D. Some types of trespassing B. Simple assault E. None of these C. Excessive speed