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Since forecasting
More firms are giving requires close Better kind of data and
1 importance to demand
forecasting than a
decade ago.
2 cooperation and
consultation with many
specialists, a team spirit
3 improved forecasting
techniques have been
developed.
has developed.
There is a greater
emphasis on New products Forecasts are usually
4 sophisticated
techniques such as 5 forecasting is still in
infancy. 6 broken down in
monthly forecasts.
using computers.
In spite of the
application of newer The usefulness of
Top-down approach is
and modern personal feel or
7 techniques, demand
forecasts are still not
8 subjective touch has
been accepted.
9 more popular then
bottom-up approach.
too accurate.
DEMAND FORECASTING
Recent Trends In Demand Forecasting
Since forecasting
More firms are giving requires close Better kind of data and
1 importance to demand
forecasting than a
decade ago.
2 cooperation and
consultation with many
specialists, a team spirit
3 improved forecasting
techniques have been
developed.
has developed.
There is a greater
emphasis on New products Forecasts are usually
4 sophisticated
techniques such as 5 forecasting is still in
infancy. 6 broken down in
monthly forecasts.
using computers.
In spite of the
application of newer The usefulness of
Top-down approach is
and modern personal feel or
7 techniques, demand
forecasts are still not
8 subjective touch has
been accepted.
9 more popular then
bottom-up approach.
too accurate.