Party Supply uses time-series forecasts, such as past holiday sales and the strength of store sales this year, to predict future sales based on patterns of historical data. Party Supply is using
A) analytics.
B) the synergy trend.
C) decisions by trends.
D) focused trend.
E) Big Data.

Question

Quizplus · Accepted Answer

Analytics, or business analytics, is the term used for sophisticated forms of business data analysis. One example of analytics is portfolio analysis, in which an investment adviser evaluates the risks of various stocks. Another example is the time-series forecast, which predicts future data based on patterns of historical data.

Party Supply Uses Time-Series Forecasts, Such as Past Holiday Sales