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What Are The Main Techniques Of Demand Estimation?

Answer»

Demand estimation is predicting future demand form a product. The information regarding future demand is essential for PLANNING and scheduling PRODUCTION, purchase of raw MATERIALS, acquision of finance and ADVERTISING.
The various techniques of demand estimation: 

  1. Survey METHOD
  2. Statistical Method.

Demand estimation is predicting future demand form a product. The information regarding future demand is essential for planning and scheduling production, purchase of raw materials, acquision of finance and advertising.
The various techniques of demand estimation: 


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