Forecasting

Forecasting

Professional Development

5 Qs

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Forecasting

Forecasting

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

cherry asaytuno

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are the factors affecting demand forecasting EXCEPT.

geographical preferences

Less inventory needed on hand

technological advancement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a process that analyzes past sales data, customer demand trends, and seasonal historical data to predict the amount of business a restaurant will get in the future

Historical data

Inventory forecasting

Demand forecasting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This means looking at things like weather, upcoming events, holidays, or market changes that might affect sales.

Future trends

Historical data

Regression analysis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the process of calculating the inventory needed to fulfill future customer orders based on how much product you predict you will sell over a specific period of time.

Demand forecasting

Future trends

Inventory forecasting

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are the benefits of inventory forecasting EXCEPT.

Less manual labor

Less inventory needed on hand

Market competition