Which of the following is true of a statistical forecasting method?
A. It directly observes what real consumers do in the product-market.
B. It is a good technique to forecast sales for new products.
C. It generally assumes that the future will look very much like the past.
D. It surveys suppliers and consumers to estimate market potential.
Answer:C
Which of the following is true of a statistical forecasting method?
A. It directly observes what real consumers do in the product-market. B. It is a good technique to forecast sales for new products. C. It generally assumes that the future will look very much like the past. D. It surveys suppliers and consumers to estimate market potential.