What Technique Uses Statistical Computations as the Bases of Sales

question 13

Multiple Choice

What technique uses statistical computations as the bases of sales forecasts?

• A) the survey of buyer intentions
• B) qualitative forecasting techniques
• C) the jury of executive opinion
• D) quantitative forecasting techniques

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Definitions:

Variance

Variance is a statistical measure that represents the degree of spread in a data set. It is calculated as the average of the squared differences from the Mean.

Fraction

A numerical quantity representing a part of a whole, typically expressed as a ratio of two integers.

Interval

A range between two points or numbers, often used to specify a particular segment of a scale or measurement.

Mean

A measure of central tendency calculated by summing all the values in a dataset and dividing by the number of values.