A manager who wanted to predict next quarter's sales on the basis of four years of previous sales data would probably use time series analysis.

Question

Quizplus · Accepted Answer

Time series analysis is a statistical technique that is used to analyze time series data, which are observations that are made over time. It is commonly used to forecast future values based on past values of a variable, such as sales data. Therefore, a manager who wanted to predict next quarter's sales on the basis of four years of previous sales data would probably use time series analysis.

A Manager Who Wanted to Predict Next Quarter's Sales on the Basis