The sales forecasting method of ________ builds sets of equations that describe a system and statistically derives the different parameters that make up the equations statistically.
A) time-series analysis
B) statistical demand analysis
C) econometric analysis
D) cost effectiveness analysis
E) exponential smoothing

Question

Quizplus · Accepted Answer

Econometric analysis is a method that builds sets of equations based on statistical data to forecast sales. It derives different parameters statistically and helps in understanding the relationships between different variables influencing sales. Time-series analysis and exponential smoothing are also methods used for sales forecasting, but they focus more on analyzing trends and patterns in historical data rather than building equations. Statistical demand analysis and cost-effectiveness analysis are not methods used for sales forecasting.

The Sales Forecasting Method of ________ Builds Sets of Equations