A Forecasting Method That Uses Historical Sales Data to Identify

question 27

Multiple Choice

A forecasting method that uses historical sales data to identify patterns over a period of time is referred to as ______.

• A) build-up method analysis
• B) regression analysis
• C) time series analysis
• D) qualitative analysis

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Definitions:

Social Comparison

The process of comparing oneself to others in order to evaluate one's own abilities, status, or situation.

Cautious

Describes a behavior characterized by careful foresight to avoid potential risks or dangers.

Extraversion

A personality trait characterized by outgoingness, high levels of sociability, and a preference for social interaction.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and responsibility.