Style Mart uses time-series forecasts, such as past holiday sales and the strength of store sales this year to predict future sales based on patterns of historical data. This is an application of ___.

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06-03-2020
Social Studies

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Style Mart uses time-series forecasts, such as past holiday sales and the strength of store sales this year to predict future sales based on patterns of historical data. This is an application of ___.

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Cetacea Cetacea · Answer 1 · 2020-03-11T10:25:59+01:00

Answer: Analytics

Explanation:

Application of analytics is described as the measurement of the application and devices through real-time analysis.This analysis is conducted through collecting data and information and converting it into insight .This helps in making valuable and acknowledged decisions.

According to the question, analytic application is used for analyzing previous sales in holiday duration, prediction of future sales etc through assessing records and data of Style Mart.