Page 122 - E1 Integrated Workbook STUDENT 2018
P. 122
Chapter 9
Forecasting demand
Methods of forecasting
Methods of forecasting
Expert opinions Statistical
Methods of
Not‐for‐profit
Profit seeking
forecasting
and surveys techniques
Expert Delphi Customer Time Regression
opinion technique survey series analysis
poll A group of To analysis The
experts is ascertain correlation
Production Trends and
future
experts are questioned demand. seasonal between
repeatedly
past
asked to variations
until the demand
give their responses in past data and time is
opinion are the used to used to
about same or predict predict
future similar. future future
demand. demand. demand.
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