Quiz on Sales Forecasting Methods Part 1

Quiz on Sales Forecasting Methods Part 1

University

45 Qs

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Quiz on Sales Forecasting Methods Part 1

Quiz on Sales Forecasting Methods Part 1

Assessment

Quiz

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University

Practice Problem

Hard

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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Historical Forecasting?

A strategy for improving sales immediately

A method of predicting future events based on historical data

A way to collect data from future events

A technique for analyzing current market trends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the rate of change in sales over time indicate?

The number of products sold

The average sales over several years

The total sales for a specific period

The speed at which sales increase or decrease

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in Historical Forecasting?

Analyzing current trends

Pattern Identification

Data Collection

Building the Forecast

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are seasonal trends?

Unpredictable market fluctuations

Long-term changes in consumer behavior

Regular changes that happen at the same time every year

Trends that occur every few decades

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a method used to build a forecast?

Moving Averages

Focus Groups

Market Surveys

Random Sampling

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector uses historical data to predict future electricity demand?

Education

Energy & Utilities

Retail

Transportation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do meteorologists use historical forecasting?

To determine the best time for planting crops

To predict future weather conditions

To analyze current weather patterns

To collect data on climate change

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