Question

True/ False In developing a company sales forecast, the forecasting methods are limited to surveys and correlation methods.

Answer 1

False. The statement that the forecasting methods for developing a company sales forecast are limited to surveys and correlation methods is not true.

Step-by-step explanation:

False. The statement that the forecasting methods for developing a company sales forecast are limited to surveys and correlation methods is not true. While surveys and correlation methods are common and widely used methods for sales forecasting, they are not the only methods available. There are several other methods that can be used for sales forecasting, such as time series analysis, regression analysis, and expert judgement.