This article uses statistical techniques to conduct sales forecasting in a business. Sales forecasting predicts future level of sales from past sales data.
Posts tagged as “standard deviation”
Deviation shows how the data deviates from the mean; the distance from the center point. Deviation measures the difference between an item and arithmetic mean.
Statistical analysis can help business managers to make better decisions as the risks are reduced to make choices based on factual results.
To make realistic and accurate sales forecasts, managers can use several quantitative methods of sales forecasting.