Jill is trying to predict next quarter's sales for her company by analyzing five years of previous sales data. Which specific forecasting technique should Jill use?
A) regression models
B) customer evaluation
C) substitution effect
D) economic indicators
E) time series analysis

Question

Quizplus · Accepted Answer

Time series analysis is the best technique for Jill to use in order to predict next quarter's sales based on historical data. Time series analysis involves studying patterns and trends in historical data over a period of time to make predictions about future events. It is a common technique used in business forecasting, especially for sales forecasting.

Jill Is Trying to Predict Next Quarter's Sales for Her