While developing a company sales forecast at Safeway,Barb Herrington discovered a pattern in sales volume over the past five years.She likely used which sales forecasting technique?
A) Surveys
B) Executive judgment
C) Time series analysis
D) Market tests
E) Regression analysis

Question

Quizplus · Accepted Answer

Barb Herrington likely used time series analysis, as she noticed a pattern in sales volume over the past five years. This technique involves analyzing past sales data to identify patterns or trends that can be used to predict future sales.

While Developing a Company Sales Forecast at Safeway,Barb Herrington Discovered