Sales Force Estimates draw forecasts from the expert judgment of salespersons. Why would a firm choose this forecasting method?
A) Accuracy of a forecast may depend on landing a few large orders from customers.
B) The sales force is closest to the customers and can therefore detect changes in market trends.
C) The sales force is closest to the customers and can therefore anticipate customer needs.
D) All of these options are valid reasons for Sales Force Estimate forecasting
Correct Answer:
Verified
Q1: Which of the following is not an
Q2: Commonly used qualitative forecasting methods include:
A) Consensus
Q3: Which of the following is a potential
Q4: A variation of the Consensus Panel method
Q6: Which of the following methods is not
Q7: Which of the following forecasting methods includes
Q8: Which of the following statements is true
Q9: Collaborative Planning, Forecasting, & Replenishment (CPFR) models
Q10: How did Sony Electronics achieve a 40%
Q11: Level of aggregation impacts the accuracy of
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