The basic formula used in the factor method of sales forecasting is: some variable, such as past sales, times some related factor equals the sales forecast.

Name: The basic formula used in the factor method of sales forecasting is: some variable, such as past sales, times some related factor equals the sales forecast.
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Quizplus · Accepted Answer

This is correct. The factor method involves using a variable (such as past sales) multiplied by a related factor to forecast future sales. This formula is the basis of the factor method.

The Basic Formula Used in the Factor Method of Sales