taye works at a retail store that sells a variety of items, including umbrellas. taye knows that people buy umbrellas more in the summer season because of the higher frequency of storms. he has identified a formula based on past umbrella sales during the summer season. taye believes he can use this formula to predict future sales forecasts with a high degree of accuracy. this is an example of what type of sales forecast?

The degree of precision is a measurement of how near and correct a claimed value is to the actual, real value being conveyed, and the further discussion can be defined as follows:

A sales forecast is a prediction of future income.
It's used in the organization expects to sell in a given time frame after you fit a model, regression equations are an important part of the statistical output.
It's a useful statistical tool for examining the association between two or more variables.
It's a technique for identifying patterns in data.
It forecast the values of a dependent variable for people that know something about the explanatory variable or assesses the effect of explanation values of the dependent.
There are many different types in regression analysis, they always look at the effect of one or more independent variables on predictor variables.

Therefore, the final answer is "regression analysis".

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