The prediction of the number of sales of a product or service in the future. Oftentimes this prediction is based upon past sales performance or the product or service. Other factors also go into the forecast such as inflation, market trends, and spending patterns of consumers.
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- sales forecast: Definition from Answers.com
sales forecast Prediction of the future sales of a particular product over a specific period of time based on past performance of the product, inflation.
- Three Methods Of Sales Forecasting
A detailed explanation of how to use three methods of sales forecasting by Terry Elliot.
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- HowStuffWorks "How Sales Forecasting Works"
Sales forecasting is an important aspect of business. Learn more about how sales forecasting works at HowStuffWorks.