The forecasting techniques that assume past sales patterns will continue into the future are all variations of
A) regression analysis.
B) random factor analysis.
C) seasonal analysis.
D) time series analysis.
E) past sales forecasting surveys.

Question

Quizplus · Accepted Answer

Time series analysis is a forecasting technique that involves analyzing past sales patterns and extrapolating them into the future. It assumes that future sales will continue to follow the same patterns as in the past. Other options like regression analysis, random factor analysis, and seasonal analysis may be used in conjunction with time series analysis to improve accuracy. Past sales forecasting surveys are a type of qualitative forecasting technique and not directly related to assuming past sales patterns will continue into the future.

The Forecasting Techniques That Assume Past Sales Patterns Will Continue