Which tools and methods can be used to make a more accurate sales forecast ?1) Use the Forecast Sheet function in Excel2) Use the Linear Regression Algorithm to build the forecasting model3) Use the Time Series Algorithm to build the forecasting model4) Make predictions based on the management’s own experienceQuestion 4Select one:a.2,3,4b.1,2,3c.1,2,4d.3,4

One reason why it is important to accurately forecast sales for a marketing plan is because the forecast isthe basis of other*3 pointsA. pricing strategies.B. operational activities.C. business reports.D. management techniques.

You have just taken over as the new forecasting analyst for Fritos sales to Intermountain convenience stores. Despite having years of sales data showing flat demand with moderate variation, your predecessor used a 4-week moving average to project sales. Which adjustment would you make to the forecasting method in order to improve accuracy?  Create a trend forecasting model. Implement an exponential smoothing model. Simplify the approach with a naive model. Increase the number of weeks used in the moving average model.

You are a supply chain analyst working on forecasting demand for the Do It All Gadget. You collect historical sales data for the Do It All Gadget and decide to apply a technique that assigns greater importance to recent sales while gradually diminishing the impact of older data points. Which quantitative forecasting method are you employing? Select the best answer.1 pointExponential SmoothingDelphi MethodLinear Regression

A new business should use several methods of estimating sales forecastGroup of answer choicesTrueFalseNext

What type of forecasting method is concerned with existing assumptions based on historical data to create ratios of production or sales amounts to human capital needs?Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.aprocess-based rulesbevent-based rulescnorm-based rulesdtransaction-based rules