Answered: Forecasts using Point-of-Sales (POS)…

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter6: Statistical Inference

Section: Chapter Questions

Problem 40P

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Question

1.Forecasts using Point-of-Sales (POS) systems are based on

A.different deterministic factors that affect market demandB. developments and findings in markets that are relatively similar

C.the use of store scanners in weekly and biweekly store audits

D.computer analysis of past performance data to predict future market demand

2.For retailers and channel members, an important method of forecasting sales is

A.time series models

B.econometric models

C.sales force composite estimates

D.point-of-sales (POS) based projections

In primary research, once data has been collected and the questionnaire has been coded, the next step for the researcher is to

A.analyze the data

B.interpret the data results

C.make recommendations from the findings

D.input the data into a computer program

4.Among the sampling decisions that must be made, researchers must select the _____, which is the group of individuals who will be included in the survey.

A.sample size

B.sampling procedure

C.sampling unit

D.random probability sample

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