In an Effort to Forecast His Firm's Sales for the Coming

question 178

Multiple Choice

In an effort to forecast his firm's sales for the coming year,Henry Thompson takes sales for the last three years and calculates a growth trend.Henry is employing which forecasting method?

• A) Time series analysis
• B) Executive judgment
• C) Surveys
• D) Regression analysis
• E) Market tests

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Definitions:

Cost Formula

An equation or method used to determine the costs associated with production, including fixed and variable components.

Catering Supplies

Items and materials used in the provision of catering services, including food, utensils, and decorations.

Spending Variance

Difference between the planned budget and the actual expenditure, indicating over- or under-spending.

Measures of Activity

Metrics and indicators used to evaluate the level of activity, productivity, or performance in various aspects of an organization's operations.