_______ represents a commitment on the part of the sales department and each of its divisions of expected sales.
Forecast
The question asks about what represents a commitment on the part of the sales department and its divisions regarding expected sales. Let's look at the options provided.
Based on these descriptions, the term that represents both expected sales and a commitment from the sales department and its divisions is the Forecast.
Name the human resource demand (need) forecasting technique, which solicits estimates of personnel needs from a group of experts, usually managers. The HRP experts act as intermediaries, summarise the various responses and report the findings back to the experts. The experts are surveyed again after they receive this feedback. Summaries and surveys are repeated until the experts' opinions begin to agree. The agreement reached is the forecast of the personnel needs.
Select the correct option :
The sensitivity of forecast in simple moving average forecasting method, for the increase of the length of average period,
For a product, the forecast and the actual sales for December 2008 were 25 and 20 respectively. If the exponential smoothing constant (α) is taken as 0.2, the forecast sales for January 2009 would be.
For a product the forecast and actual sales for December 2002 were 25 and 20 respectively. If the exponential smoothing constant is taken as 0.2, then forecast sale for January 2003 would be