Thola is busy with sales forecasting for a large export company. She is using the last five years' sales figures as the starting point for her task. Which type of forecasting is Thola using?

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Forecasting done by a panel of experts

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Forecasting based on market-research results

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Forecasting based on historical data

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Forecasting based on statistical models

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Thola is busy with sales forecasting for a large export company. She is using th...

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