A store has the following sales figuresyear sales in, Ask an Expert

Management Studies

A store has the following sales figures:

Year Sales (in millions of dollars)

1 10

2 5

3 8

4 15

1. What is its sales forecast for year 2 using the naïve method?

A 10

B 5

C 8

D 15

2. Which of the following forecasting methods uses top experts in the field?

A executive opinions

B the Delphi method

C sales force composites

D quantitative analysts

3. Which of the following is not a type of qualitative forecasting?

A. sales force estimation

B. moving average method

C. the Delphi method

D. jury of executive opinions

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92540902

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 mission and objectives visit the corporate website of

1. Mission and objectives, visit the corporate website of Under Amour. Define the firm’s mission and objectives, and discusd how it’s brands and activities support both. 2. Please explain (in 50 – 100 words), Unrelated D ...

Often in business individuals and organizations are called

Often in business, individuals and organizations are called on to deliver bad news and/or apologize for mistakes and mishaps. No matter your field, you will need to understand the rhetoric around "bad news messaging." Fo ...

With a college business degree in hand you are headed for a

With a college business degree in hand, you are headed for a job in the family business. As a result of your education, you have become aware of some outdated business practices in the family firm. In spite of them, the ...

American diabetes association1 how much is their total

American Diabetes Association 1) How much is their total revenue for the most recent year reported? According to the American Diabetes Association’s 2016 Annual report their total revenue from special events, donations, ...

1 briefly describe some possible strategies that could be

1. Briefly describe some possible strategies that could be implemented to eliminate (or at least reduce) the impact of such toxins. Discrimination and harassment (e.g. racial, sexual) Employee fears regarding job loss 2. ...

Over the years there have been some growing challenges for

Over the years there have been some growing challenges for the veteran affairs such as accountability for poor Dr. Performers, timely processing of Veteran benefit claims and the wait time for veteran healthcare. These a ...

An orange grower in florida faces a dilemma the weather

An orange grower in Florida faces a dilemma. The weather forecast is for cold weather, and there is a 50% chance that the temperature tonight will be cold enough to freeze and destroy his entire crop, which is worth some ...

A company serves two markets in north america and has to

A company serves two markets in North America and has to decide on optimal order quantity and safety stock. The demand in the first market is equal to 1, 2, 3, or 4 with equal probability, whereas the demand in the secon ...

1 describe the jit considerations presented in the chapter

1. Describe the JIT considerations presented in the chapter as they relate to Autoliv’s manufacturing environment. 2. For the Amazon Company, which of the various integration strategies would you recommend and why? 3. Ar ...

1 formal shop-floor control systems are necessary under

1. Formal shop-floor control systems are necessary under JIT? a. True b. False 2. The objective of Theory of Constraints (TOC) is to maximize the utilization of both bottleneck and non-bottleneck resources. a. True b. Fa ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert