What Forecasting Method Is a Company Using That Simply Adds

question 71

Short Answer

What forecasting method is a company using that simply adds together each salesperson's own forecast to predict total company sales?

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Definitions:

Accurate To The Cent

A high level of precision in financial calculations, indicating that amounts are exact to the smallest denomination of currency.

Ordinary General Annuity

A chain of consistent payment transactions transpiring at the end of regular intervals within a set duration.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Accurate To The Cent

Refers to financial or accounting figures that are exact to the smallest unit of currency, usually to a cent.