Question 1: Describe the meaning and importance of Demand Forecasting.
Question 2: Describe critically the various methods of demand forecasting.
Question 3: Outline the trend projection technique of demand forecasting.
Question 4: Illustrate the possible consequences if a large-scale firm places its project in the market devoid of having estimated demand for its product?
Question 5: What would be the suitable variables for estimating demand for:
a) Steel
b) Sugar
c) Petrol
d) Toys by the regression method
Question 6: Describe the regression method of demand forecasting. Compare this process with trend method.
Question 7: What are the various methods of survey method? Under what conditions are complete enumeration and sample survey techniques are selected?
Question 8: What do you mean by Delphi method? What is the use of this technique in demand forecasting?
Question 9: Describe Business indicator process of demand forecasting.