When major television manufacturers introduced high-definition televisions, they had to account for characteristics like picture quality, the levels of which were unprecedented. They used data collected from the introduction of color television when only black and white television was prevalent. Which of the following methods of forecasting was used here?
A. Survey
B. Analogy
C. Observation
D. Judgment
Answer:B
When major television manufacturers introduced high-definition televisions, they had to account for characteristics like picture quality, the levels of which were unprecedented. They used data collected from the introduction of color television when only black and white television was prevalent. Which of the following methods of forecasting was used here?
A. Survey B. Analogy C. Observation D. Judgment