Q/A

Questions and Answers



Questions and Answers

What are some of the methods you might use to form a forecast of projected sales for My Friends' Bookstore?

First of all “Trend analysis” would be the most simple method of forecasting sales. In trend analysis what I do is that I observe the trend in the past 5 years and based on that tend I can forecast the future sales. The trend analysis rest on the principle that “past trends tends to repeat themselves”. The second methods would be to calculate the average of past five (5) years sales and that average would be ...