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Illustrates the Barometric technique of Demand Forecasting

Illustrates the Barometric technique of Demand Forecasting?

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Barometric techniques: This method is considered as statistical method. In this, present events are utilized to predict directions of change in the future. It is done with the assist of statistical and economic indicators as given here:

• Construction contract, Personal income,

• Agricultural income, Employment,

• GNP, Industrial production and Bank deposit.

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