Time-Series Models ________

question 29

Multiple Choice

Time-series models ________.

• A)assume that whatever forces have influenced sales in the recent past will continue into the near future
• B)assume that forecasts are seldom developed by extrapolating historical data into the future
• C)include independent variables like,demand conditions and the current economy state that help in forecasting
• D)are also known as judgmental forecasting models

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Definitions:

Marketing Pricing Strategy

The approach a business takes in setting the price for its products or services to achieve specific marketing objectives.

Predatory Pricing

A strategy where a company sets extremely low prices with the intent to eliminate competition or deter new entrants to the market.

Experience-Curve Pricing

A pricing strategy that assumes costs will decrease over time as experience in production increases, leading to lower prices for consumers.

Marketing Strategies

Plans and tactics implemented by companies to promote and sell their products or services, aiming to achieve competitive advantage and meet customer needs.