________ is based on research that estimates how much of a product will sell over a given period of time.

Question

13-01-2020
Business

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________ is based on research that estimates how much of a product will sell over a given period of time.

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valetta valetta · Answer 1 · 2020-01-14T09:11:29+01:00

Answer:

sales forecasting

Explanation:

Sales forecasting is a mathematical tool or process to estimate the amount of sales for a product over a given period of time.

Sales forecasts helps companies to make better business decisions so as to analyse the short-term and long-term performance.

The basis for the forecast are generally the past sales data of the product, industry-wide comparisons, and the economic trends for the related products.