Which of the Following Techniques Are Most Likely to Be

question 108

Multiple Choice

Which of the following techniques are most likely to be used for forecasting demand for new products and services?

• A)Trend models
• B)Judgmental methods
• C)Moving averages
• D)Regression models
• E)Exponential smoothing techniques

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Definitions:

Price Change

The variation in the selling price of goods and services over a period of time, influenced by factors such as supply and demand, production costs, and market competition.

Inelastic Supply

describes a situation where the quantity supplied of a good is not significantly affected by changes in price.

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price over a specified period.

Price Rise

An increase in the general level of prices for goods or services over a period of time.