Ch3 Flashcards

(3 cards)

1
Q

Types of data?

A

Quantitative-numbers
Qualitative-not numbers
Primary-own data
Secondary-existing data
Internal-in your business
External-outside of your business

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2
Q

How to forecast sales?

A

Sales experts-sales managers
Market research-questionnaires
Time series analysis-patterns in data
Linear aggression-historical data and predictions

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3
Q

How to forecast expenditure?

A

Production and purchasing experts-managers
Market research-questionnaires
Time series analysis-patterns in data
Price indices-predictions of inflation

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