Quiz: Reliability of Forecasts: Main Influences
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about sales forecasting, let's test your knowledge of the factors that influence the reliability of forecasts!
Which of the following is most likely to make a sales forecast unreliable?
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Which factors can affect the reliability of a sales forecast? (Select all that apply)
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Forecasts are more reliable when the market is {{blank0}} and historical data is {{blank1}}.
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Match the items on the left with their correct pairs on the right
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The historical sales growth rate is 5% per year. If sales last year were £100,000, what is the forecast for this year?
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Why might forecasts based on historical data be unreliable?
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Which of the following conditions improve forecast reliability? (Select all that apply)
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Match the items on the left with their correct pairs on the right
Forecast reliability is affected by the {{blank0}} of data used and the {{blank1}} of market trends.
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What is the main purpose of sales forecasts?
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