Which of the following methods of sales forecasting uses the averages of historical sales figures to make a forecast?

Name: Which of the following methods of sales forecasting uses the averages of historical sales figures to make a forecast?
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Question

Quizplus · Accepted Answer

Moving average method uses the averages of historical sales figures to make a forecast. The method involves taking the average of a set number of periods, such as the last 3, 6, or 12 months, and using that average as the forecast for the next period.

Which of the Following Methods of Sales Forecasting Uses the Averages