Companywide sales of large retailers are generally forecast on the basis of a statistical technique such as ________.

Question

Quizplus · Accepted Answer

Trend analysis is a statistical technique commonly used for forecasting companywide sales of large retailers. It involves analyzing past sales data and identifying patterns or trends that can be used to predict future sales. Other techniques such as executive judgment, incremental forecasting, and focus groups may also be used to forecast sales, but trend analysis is typically the most reliable and accurate approach for large retailers.

Companywide Sales of Large Retailers Are Generally Forecast on the Basis