a. what is the sales function in a maufacturing and distribution company?

Q: can you please answers all the blank and please provide me excel formular.

A: To roll up the individual product forecasts and compare them with the family data, we will first…

Q: which of the following are charactersitics of qualitative forecasting methods? 1. Function of past…

A: Companies use the qualitative forecasting method when the company is not able to make decisions…

Q: Define the difference between an Analysis Report and a Recommendation Report

A: Here, as per the question, I would create difference between an Analysis Report and a Recommendation…

Q: Choose the best answer. The Production Planning Hierarchy: Box "C" A B CD Strategic Planning…

A: STRATEGIC PLANNING: Strategic planning in production can be defined as an overall planning which is…

Q: Month Sales ('000s) January $42 February  $49 March $59 April $39 May $56 June $59…

A: Given dataMonthSales ('000s)January$42February…

Q: Explain the steps used to develop a forecasting system.

A: Forecasting refers to the method involved with making forecasts or gauges about future occasions,…

Q: 9-The approach that uses the organization's current level of employment as the starting point for…

A: Every business enterprise is required to assess its staffing requirements over a specific time…

Q: The following equation summarizes the trend portion of quarterly sales of condominiums over a long…

A: Forecasting is a method that produces accurate estimates using historical data as inputs to…

Q: hat is one of the biggest challenges to overcome in new product forecasting? a. Selecting the best…

A: challenges in new product forecasting lack of historical data is one of the biggest challenge as…

Q: Use the guiding questions below to develop recommendations based on the June budget to help the…

A: Marketing budget refers to the monetary aspects of the marketing department. It deals with the money…

Q: a. Predict orders for the following day for each of the products using an appropriate nalve method.…

A: As per the naive forecasting method, the forecast of the n period will be equal to the actual value…

Q: Suppose that you are using the four-period weighted moving average forecasting method to forecast…

A: The weighted moving average forecast is a time series forecasting method that uses a linear…

Q: Research Topic: The study of customers’ behavior towards online shopping as opposed to in-store at a…

A: Online stores and websites that are utilized for online shopping are referred to as having an online…

Q: Consider your career after graduation and your first job after business school how do you want to…

A: Branding means how the company owners want to their customers to think about their products and…

Q: Plz analyze.. What are the challenges of forecasting in volatile or uncertain environments?

A: Forecasting in volatile or uncertain environments can have multiple challenges, so, the predictions…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.