Briefly Describe the Consumer Market Survey Forecasting Method

question 69

Essay

Briefly describe the consumer market survey forecasting method.

---

Definitions:

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a given degree of certainty.

Sample Size

The number of observations or replicates included in a statistical sample.

Confidence Interval

A series of values, derived from examining samples, that is anticipated to cover the value of an unidentified population parameter.

Sample Size

The number of observations or data points collected in a study or experiment.