Time series forecasting is a technique for the prediction of events through a sequence of time . It predicts future events by analyzing the trends of the past, on the assumption that future trends will hold similar to historical trends. It is used across many fields of study in various applications including: Astronomy.
Read moreWhat is the best method to forecast sales?
Common sales forecasting methods include:
Read moreWhat is the formula for sales forecast?
The formula is: sales forecast = estimated amount of customers x average value of customer purchases . New business approach: This method is for new businesses and small startups that don’t have any historical data.
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