Top 7 Methods of Demand Forecasting | Managerial Economics
The following points highlight the top seven methods of demand forecasting. the methods are: 1. Survey of Buyer's Intentions 2. Collective Opinion or Sales Force Composite Method 3. Trend Projection 4. Executive Judgment Method 5. Economic Indicators 8. Controlled Experiments 7. Expert's Opinions. Demand Forecasting Method # 1. Survey of Buyer's-Intentions: This is a short-term method of knowing and estimating [...]