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Estimating Market Potential &
Forecasting Sales
Sales Planning 2
Analyzing Market Potential
 Ability to Buy
 Willingness to Buy
Sales Planning 3
Sources of Data
 Primary data sources
 Secondary data sources
Sales Planning 4
Sales Forecasting Method
 Qualitative Methods
 User Expectations
 Sales Force Composite
 Jury of Executive Opinion
 Delphi Technique
 Market Test
Sales Planning 5
Sales Forecasting Method
 Quantitative Methods
 Time Series Analysis
 Moving Average
 Exponential Smoothing
 Regression and Correlation Analysis
 Multiple Regression Model
Sales Planning 6
Selecting a Forecasting Method
 Accuracy
 Cost
Sales Planning 7
Types of Data Available
 Requirements of the Software
 Experience of the Company
Sales Planning 8
Criteria for Effective Forecasting
 Accuracy
 Plausibility
 Durability
 Flexibility
 Availability of Statistical Indexes
 Organizational Participation
 Demand patterns in the Market for the Product
Sales Planning 9
Difficulties Associated with Forecasting
 Lack of Adequate Sales History
 Lack of Time, Money and Qualified Personnel
 Changing Customer Attitude
 Fashions and Fads
Thank you

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Sales forecasting by arun wilson

  • 1. Estimating Market Potential & Forecasting Sales
  • 2. Sales Planning 2 Analyzing Market Potential  Ability to Buy  Willingness to Buy
  • 3. Sales Planning 3 Sources of Data  Primary data sources  Secondary data sources
  • 4. Sales Planning 4 Sales Forecasting Method  Qualitative Methods  User Expectations  Sales Force Composite  Jury of Executive Opinion  Delphi Technique  Market Test
  • 5. Sales Planning 5 Sales Forecasting Method  Quantitative Methods  Time Series Analysis  Moving Average  Exponential Smoothing  Regression and Correlation Analysis  Multiple Regression Model
  • 6. Sales Planning 6 Selecting a Forecasting Method  Accuracy  Cost
  • 7. Sales Planning 7 Types of Data Available  Requirements of the Software  Experience of the Company
  • 8. Sales Planning 8 Criteria for Effective Forecasting  Accuracy  Plausibility  Durability  Flexibility  Availability of Statistical Indexes  Organizational Participation  Demand patterns in the Market for the Product
  • 9. Sales Planning 9 Difficulties Associated with Forecasting  Lack of Adequate Sales History  Lack of Time, Money and Qualified Personnel  Changing Customer Attitude  Fashions and Fads