Truzan Creations, one of the leading names in the handicraft industry, recently launched a new artifact in the market. The company uses a database to store information on the number of products manufactured, the weekly sales, the list of suppliers, and the profits achieved. The process component of the information system is used to conduct analysis on the data to generate information about sales. Which of the following can be used by Truzan Creations to generate predictions for its next sales period?
A) Forecasting models
B) Estimation graphs
C) Modeling charts
D) Theoretical hypotheses

Question

Quizplus · Accepted Answer

Forecasting models can be used to analyze past sales data and generate predictions for future sales periods. Estimation graphs and modeling charts are not specific methods for generating sales predictions, and theoretical hypotheses may not be applicable in this context.

Truzan Creations, One of the Leading Names in the Handicraft