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Sales Forecast v2

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
on
Jul 31, 2015, 1:55:12 AM
Sales Forecast=Sales Last Year⋅(1+Percentage Increase Estimate)
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ie
Tags
Operation Management Sales Forcast
UUID
2e85ddd1-3727-11e5-a3bb-bc764e2038f2

Sales forecasting is the process of a company predicting what its future sales will be. This forecast is done for a particular period of a time in the near future, usually the next fiscal year. Accurate sales forecasting enables a company to make informed business decisions. 

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Sales Forecasting Definition - at TrackMaven.com." TrackMaven. N.p., n.d. Web. 08 Aug. 2015.
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