Practice Sales Forecasting - 18.2.2 | 18. Data Science for Business and Decision- Making | Data Science Advance
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18.2.2 - Sales Forecasting

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is sales forecasting?

💡 Hint: What does businesses need to plan for the future?

Question 2

Easy

Name one method used in sales forecasting.

💡 Hint: Think about models that analyze data over time.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the main purpose of sales forecasting?

  • To predict future sales
  • To track past performance
  • To measure employee satisfaction

💡 Hint: Consider how businesses prepare for the future.

Question 2

Is predictive modeling used in sales forecasting?

  • True
  • False

💡 Hint: Think about how sales predictions are made.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

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.

Question 2

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.

Challenge and get performance evaluation