Supply Chain Management Professional (SCMP) · Question
Which forecasting method often uses historical sales data to predict future demand based on trends and seasonal patterns?
Time series analysis uses past observations of a variable (like sales) collected at regular time intervals to model future values based on inherent patterns.
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Question: Which forecasting method often uses historical sales data to predict future demand based on trends and seasonal patterns?
Answer options: ✅ Time series analysis
- Delphi method
- Market research
- Sales force composite
Correct answer: Time series analysis
Explanation: Time series analysis uses past observations of a variable (like sales) collected at regular time intervals to model future values based on inherent patterns.
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