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A good whose demand is directly related to income is a(n)
Qualitative Forecasting
The method of forecasting outcomes based on non-numerical information such as expert opinion, rather than quantitative data.
Expert Opinions
Judgments or advice given by individuals with extensive knowledge or expertise in a particular area.
Procedures
Established sequences of actions or steps designed to achieve specific tasks or processes within an organization.
Qualitative Forecasting
A forecasting method that relies on expert opinions, theories, and market research instead of numerical data.
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