What is a baseline sales?
What is a baseline sales? A baseline is a fixed point of reference that is used for comparison purposes. In business, the success of a project or product is often measured against a baseline number for costs, sales, or any number of other variables. The baseline serves as the starting point against which all future sales are measured. What is baseline in forecasting? A baseline forecast is an estimate of future demand that is based on historical demand. For example, you can create a baseline forecast that estimates demand based on transaction data from the past year for a specific...