Forecasting sales would be 3 type. 1. Seasonal ( festivals, events, famous dates, sports events, movie manias.. etc) 2. Demand based ( Completely depends on the demand our product has now and in the...
the fornula is $ money recived from debtors during the year 5000 + debtors at the end of the year 3000 - debtors at the start of the year (1000) ________ credit sales = $7000
The five common forecasting methods are executive judgement, surveys, time-series analysis, regression analysis and market tests. Market characteristics, purposes of the forecast, type of product and...