Explain the Qualitative Methods of Sales Forecasting

question 77

Essay

Explain the qualitative methods of sales forecasting.

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Definitions:

Numerical Answer

A Numerical Answer is a solution to a problem or question that is expressed in numbers or quantities.

Simulation Model

A computational model used to simulate the behavior of real-world systems or processes for analysis or decision-making.

Queuing Models

Queuing Models are mathematical theories and equations used to predict and analyze the behavior of waiting lines (queues) in various service or production settings, helping to improve efficiency.

Service Distributions

The channels through which services are delivered to customers, involving the physical or digital means by which services are provided.