How do we budget or forecast sales?

Question

Accepted Answer

We budget and forecast sales by analyzing historical data, market trends, and input from sales teams.

Analyze historical sales data to identify patterns and trends
Consider market conditions and industry trends that may impact sales
Consult with sales teams to gather their insights and input
Use statistical models and forecasting techniques to predict future sales
Regularly review and adjust the budget and forecast based on actual sales performance

Accepted Answer

As per my understanding we should go with avg sales of last 2 years sales with 20% growth on it.