DeShon has just become the new marketing analyst for a company that produces vinyl siding for homes. In an effort to forecast his firm's sales for the coming year, he needs to find where the greatest opportunities are for selling his product. DeShon looks at the sales for the last five years and calculates a growth trend. He then collects data from a combination of other factors, such as population density, family size, home ownership, and per capita income. Finally, DeShon looks at the correlation between the sales trend data and the various combinations of demographic data. DeShon is employing the forecasting method for the sales growth trend and the method for the correlation.
A) time series analysis; regression analysis
B) executive judgment; regression analysis
C) market tests; regression analysis
D) regression analysis; time series analysis
E) market tests; time series analysis
Correct Answer:
Verified
Q113: Often, the Delphi technique is used in
Q131: Scenario 5.2
Use the following to answer the
Q133: Brian works for a manufacturer of sports
Q134: Scenario 5.1
Use the following to answer the
Q135: A forecasting method that predicts sales based
Q136: A person who has buying power also
Q137: Which of the following forecasting methods is
Q139: What is the primary disadvantage of using
Q144: Which of the following sales forecasting techniques
Q155: Use the following to answer the questions.
Lil'
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents