Which of the Following Is Not a Suggested Source for Forecasting

question 167

Multiple Choice

Which of the following is not a suggested source for forecasting sales?

• A)Customer-provided requirements
• B)Historical sales data
• C)Random statistical data
• D)Industry projections

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Definitions:

Frequency Distribution

A mathematical function showing the number of instances in which a variable attains values within specified intervals.

Standard Distribution Table

A mathematical table used for finding areas under the curve of the standard normal distribution, often used in statistics.

Rental Price

The amount of money charged to rent a property, such as an apartment or house, typically billed on a monthly basis.

Causal Relationship

When one variable causes a change in another variable.