Briefly Describe the Methods of Forecasting Future Demand on the Basis

question 11

Essay

Briefly describe the methods of forecasting future demand on the basis of past sales.

---

Definitions:

Performing Stage

The phase in team development where group members efficiently work together and focus on problem-solving and task completion.

Problem Solving

The process involved in finding solutions to difficult or complex issues.

Performing Stage

This is typically referred to as a phase in team development where the group operates efficiently towards shared goals with strong structures and cohesiveness.

Team Cohesiveness

The extent to which team members are attracted to the team and motivated to remain part of it, often resulting in improved performance and morale.