The Simplest Approach to Estimating a Future Period's Sales Is

question 38

Multiple Choice

The simplest approach to estimating a future period's sales is to assume that they will be equal to those of the latest observed period. In statistics, this is often simply referred to as which of the following?

• A)Base case approach
• B)Deseaonalized approach
• C)Naïve approach
• D)Pro forma approach

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Definitions:

Feedback

The process of giving and receiving information regarding performance or behavior with the intent to improve or affirm.

Reward

A benefit or recognition given to someone as a recompense for their effort, achievement, or good behavior.

Financial Incentives

Monetary rewards used to motivate individuals or groups to achieve specific goals or improve performance.

Recognition

The act of acknowledging or rewarding employees for their achievements, performance, or contributions at the workplace.