Which of the Following Statements Is True About the Forecasting

question 23

Multiple Choice

Which of the following statements is true about the forecasting technique known as "trend analysis"?

• A) It cannot be used to forecast sales of new products.
• B) It requires very expensive computing equipment and data researchers.
• C) One advantage of this technique is that it assumes that conditions in the future will remain as they have been in the past.
• D) It is a qualitative technique.

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Definitions:

Peasants

People of the lower class in rural areas who own or rent small pieces of land for agriculture, historically under feudal systems but also in various forms in modern societies.

Nobles

Members of the aristocracy or nobility, holding significant social status, privileges, and influence from birth or by grant from a monarch.

Obligations

Duties or commitments that an individual is bound to fulfill, either legally or morally.

Nineteenth Century

The nineteenth century is the period from 1801 to 1900, characterized by industrialization, colonization, and major political changes in many countries.