Homework Help is Here – Start Your Trial Now!
Business
Marketing
A sales forecast usually done for a period more than six months but does not exceed two years. It is ideally done for one year.

A sales forecast usually done for a period more than six months but does not exceed two years. It is ideally done for one year.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
See similar textbooks
icon
Related questions
Question
A sales forecast usually done for a period more than six months but does not exceed two years. It is ideally done for one year. O a. None of the above O b. Long-term forecasts O c. Short-term forecasts o d. Medium-term forecasts
Transcribed Image Text:A sales forecast usually done for a period more than six months but does not exceed two years. It is ideally done for one year. O a. None of the above O b. Long-term forecasts O c. Short-term forecasts o d. Medium-term forecasts
It is part of Qualitative methods of forecasting that are useful in situations where past data do not exist, causal relationships have not been identified, or some major change has occurred in the forecasting context which is not accounted for by other techniques for instance the Corona Virus pandemic, Sales of Huawei products are banned in the US, Gulf War, trade agreement, etc.). (2 points) O a. Delphi method O b. Market survey O c. Sales force composite o d. Executive opinion
Transcribed Image Text:It is part of Qualitative methods of forecasting that are useful in situations where past data do not exist, causal relationships have not been identified, or some major change has occurred in the forecasting context which is not accounted for by other techniques for instance the Corona Virus pandemic, Sales of Huawei products are banned in the US, Gulf War, trade agreement, etc.). (2 points) O a. Delphi method O b. Market survey O c. Sales force composite o d. Executive opinion
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Introduction to Forecasting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
SEE MORE TEXTBOOKS