The Forecasting Method That Utilizes a Firm's Historical Sales Data

question 150

Multiple Choice

The forecasting method that utilizes a firm's historical sales data to find patterns in the firm's sales volume over time is

• A) the regression method.
• B) customer forecasting.
• C) a market test.
• D) sales force forecasting.
• E) time series analysis.

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Definitions:

Elderly Person

An individual who has reached an advanced stage of life, often defined as being 65 years of age or older.

Sine Waves

Mathematical curves that describe a smooth, repetitive oscillation; commonly used to represent periodic phenomena in physics and engineering.

Decibels

A unit used to measure the intensity of sound or the power level of an electrical signal by comparing it with a given level on a logarithmic scale.

Hertz

A unit of frequency in the International System of Units (SI), equal to one cycle per second.