18.2.2 - Sales Forecasting
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Practice Questions
Test your understanding with targeted questions
What is sales forecasting?
💡 Hint: What does businesses need to plan for the future?
Name one method used in sales forecasting.
💡 Hint: Think about models that analyze data over time.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main purpose of sales forecasting?
💡 Hint: Consider how businesses prepare for the future.
Is predictive modeling used in sales forecasting?
💡 Hint: Think about how sales predictions are made.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Consider a company that has historically sold 500 units of a product each month. Given a trend increase of 5% month over month, forecast the sales for the next three months.
💡 Hint: Think about how to apply percentage growth to each month's sales.
A restaurant sees fluctuating monthly sales due to seasons. If the last eight months' sales data shows average monthly sales between $8,000 and $12,000, create a simple model to forecast next month's sales considering seasonal effects.
💡 Hint: Calculate the average and think about how seasonal trends might affect next month's expectations.
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