Question

Marge has reported to her chief financial officer that because there were $1.2 million in sales in the same quarter a year ago, she predicts that there will be at least the same amount of sales for the current year in the same quarter. What kind of forecasting has Marge conducted?

(1 point)
Responses

value

value

historical

historical

pipeline

pipeline

opportunity

opportunity

Answer 1

Marge has conducted **historical** forecasting. This method involves using past data, specifically the sales from the previous year, to predict future outcomes.