Style Mart 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.Style Mart is using
A)analytics.
B)the synergy trend.
C)decisions by trends.
D)focused trend.
E)Big Data.

Question

Quizplus · Accepted Answer

Style Mart is using analytics, which refers to the use of statistical and quantitative methods to generate insights from data. Time-series forecasting is a common technique used in analytics to predict future values based on past patterns. The other options (synergy trend, decisions by trends, focused trend, and Big Data) do not accurately describe the approach being used by Style Mart.

Style Mart Uses Time-Series Forecasts,such as Past Holiday Sales and the Strength