79.0k views
0 votes
________ is based on research that estimates how much of a product will sell over a given period of time.

1 Answer

1 vote

Answer:

sales forecasting

Step-by-step 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.

User David Valentine
by
4.2k points