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 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 are used to generate predictions for future sales based on historical data, making it the best choice for Truzan Creations to use for generating predictions for its next sales period. Option B, estimation graphs, and Option C, modeling charts, are not typically used for forecasting. Option D, theoretical hypotheses, is also not relevant for generating sales predictions.

Truzan Creations,one of the Leading Names in the Handicraft Industry,recently