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Question 174Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 2 (12:30 PM)

Which method is used for demand forecasting of new products?

  1. AEvolutionary approach, opinion polling approach and vicarious approach
  2. BOpinion polling approach
  3. CEvolutionary approach
  4. DVicarious approach
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Correct answer: (A) Evolutionary approach, opinion polling approach and vicarious approach

Explanation

Joel Dean's methods for forecasting demand for new products include the evolutionary, substitute, growth curve, opinion polling, sales experience and vicarious approaches. All three listed are valid methods.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM)

This is question 174 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.