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What Are The Various Sales Forecasting Methods?

Answer»

A range of METHODS may be used to forecast sales. However, the choice of the METHOD to be used will depend on a number of factors including, the demands on ACCURACY, the COSTS involved and the frequency with which the forecasts needs to be MADE. The methods that are usually used to forecast sales are time series techniques, causal techniques, and the judgmental methods.

A range of methods may be used to forecast sales. However, the choice of the method to be used will depend on a number of factors including, the demands on accuracy, the costs involved and the frequency with which the forecasts needs to be made. The methods that are usually used to forecast sales are time series techniques, causal techniques, and the judgmental methods.



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