Sales for a product have been fairly consistent over several years,although showing a steady upward trend.The company wants to understand what drives sales.The best forecasting technique would be:
A)trend models.
B)judgmental methods.
C)moving averages.
D)regression models.
E)exponential smoothing techniques.

Question

Quizplus · Accepted Answer

Regression models would be the best choice to understand what drives sales as they allow for the identification of relationships between the sales and other variables. This would help the company to identify key drivers that are positively or negatively impacting sales and make better informed decisions on how to optimize sales performance.

Sales for a Product Have Been Fairly Consistent Over Several