What methods do businesses use to forecast sales?
Question:
What methods do businesses use to forecast sales?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Because the accuracy of a sales forecast is so ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Foundations of Business
ISBN: 978-1337386920
6th edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Question Posted:
Students also viewed these Business questions
-
A company has used three different methods to forecast sales for the past five months. Use MAD and MSE to evaluate the performance of the three methods. (a) Which forecasting method performed best?...
-
The Midwest Computer Company serves a large number of businesses in the Great Lakes region. The company sells supplies and replacements and performs service on all computers sold through seven sales...
-
Consider the sales data for Computer Success given in Problem 7. a. Use a 3-month weighted moving average to forecast the sales for the months April through December. Use weights of (4/8), (3/8), and...
-
A machine fills containers with a particular product. The standard deviation of filling weights computed from past data is 0.6 ounces. If only 2% of the containers hold less than 18 ounces, what is...
-
Name the class to which each of the compounds used in this experiment belongs (eg. alcohol, alkane, ester, etc.)
-
Figure 7.47 depicts a propylene/propane distillation. Two sievetray columns in series are used because a 270-tray column poses structural problems. Determine column diameters, tray efficiency using...
-
A significant issue when a contract is breached is whether the cause of action is strictly in breach of contract or may be expanded to negligence and strict liability. The significance comes into...
-
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 10,000, $1 par, common shares. The market price of the common stock is $30 on this date....
-
True regarding amendments that propose to change the proportional percentage by which each condominium or cooperative member shares common areas expenses or owns the common surplus in Florida?
-
XYZ is a calendar-year corporation that began business on January 1, 2018. For the year, it reported the following information in its current-year audited income statement. Notes with important tax...
-
Why is sales forecasting important?
-
Data from a marketing information system is collected from which internal and external sources?
-
The following information pertains to Gabon Inc. for last year: Beginning inventory in units ........... Units produced ................20,000 Units sold ..................17,200 Costs per unit:...
-
You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $6,500,000 and...
-
You find a zero coupon bond with a par value of $10,000 and 21 years to maturity. The yield to maturity on this bond is 4.3 percent. Assume semiannual compounding periods. What is the price of the...
-
your bank pay 5 percent annual interest compounded semianually on your savings account. you dont expect to add to the current balance of $2,700 over the next four year. how much money can you expect...
-
You are building a view that includes Cost and Sale Price data. When you add the Cost field to the view, a prefix of $ is included. When you add the Sale Price field to the view, no prefix is...
-
KK company is your supplier. You need to pay the company for some inventories that are worth $100,000. KK company offers you a credit terms of 1/10 net 70. Compute the implied interest to you if you...
-
A particle leaves the origin with an initial velocity v(vector) = (2.40 m/s) x, and moves with constant acceleration a(vector) = ( 1.90 m/s 2 ) x + (3.20 m/s 2 ) y. (a) How far does the particle move...
-
Solve the relation Exz:Solve therelation ne %3D
-
One of the best-known sites for help managing your finances is Mint. The main reasons people like Mint is that it provides an easy way to track spending, create budgets, and monitor cash flow....
-
Graeters still makes ice cream by hand, just like the founders did in 1870. But in every other respect, its a very different business from the mom-and-pop firm founded by the great-grandparents of...
-
After its initial public offering (IPO), DoorDash started trading publicly on the New York Stock Exchange (NYSE) in December 2020. An IPO occurs when a corporation sells stock to the general public...
-
The following trial balance was drawn from the records of Zachary Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of...
-
Calculate the number of units sold and units remaining in ending inventory. Book "rint erences Check my wa Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made...
-
Eliminating Entries, Goodwill Pendragon Corporation acquired all of the stock of Sherwood, Inc. for $500 million in cash. Sherwood's shareholders' equity accounts at the date of acquisition were as...
Study smarter with the SolutionInn App