Forecasting Methods That Use Historical Demand to Make a Forecast

question 11

Multiple Choice

Forecasting methods that use historical demand to make a forecast are known as

• A)qualitative forecasting methods.
• B)time series forecasting methods.
• C)causal forecasting methods.
• D)simulation forecasting methods.

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Definitions:

Sales Proposal

A document designed to pitch products or services to potential clients, detailing benefits, pricing, and implementation strategies.

Cause-and-effect

A relationship between events or things, where one is the result of the other or others, demonstrating how different actions or events are linked.

Clarity of Message

The quality of being easily understood and free from ambiguity, crucial for effective communication in any medium.

Ambiguous Messages

Communications that can be interpreted in multiple ways due to unclear or vague language, leading to confusion or misunderstanding.