If a company has 12 years of annual sales data and is in need of a three-year forecast, which of the following forecasting techniques might be useful?
A) Forecast generalization
B) Seasonality processing
C) Regression-based trend forecasting
D) Random component analysis

Question

Quizplus · Accepted Answer

Regression-based trend forecasting is useful for making forecasts based on historical data, such as 12 years of annual sales data, by identifying the relationship between time and sales to predict future trends.

If a Company Has 12 Years of Annual Sales Data