Discuss the below:
Q1:Explain in detail
Descriptive Measures
Probability
Sampling Distributions
Linear Regression
Time Series Forecasting
Index Numbers
Decision Making
Q2: Explain the advantages and disadvantages each of them have if they are attempted to be used by a finance department to forecast the sales budget for the coming year.
Q3: Identify (with reasons) which technique is most appropriate to undertake the task proposed above by the finance department.