Kyle is conducting a sales forecast by adding up his company's sales over the past five years and then dividing that by five (the number of years).The forecasting technique he is using is called:
A)moving average forecasting
B)dynamic forecasting
C)static forecasting
D)indexing

Question

Quizplus · Accepted Answer

Kyle is using the moving average forecasting technique, which involves taking a calculated average of past sales data over a certain time period to make predictions about future sales. In this case, he is taking an average of the past five years' sales data.

Kyle Is Conducting a Sales Forecast by Adding Up His