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:

Cognitive Dissonance

Cognitive dissonance is the mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Respected Professor

An academic educator or researcher held in high esteem by colleagues and students.

Eating Hamburgers

The act of consuming hamburgers, which are sandwiches consisting of one or more cooked patties of ground meat, usually beef, placed inside a sliced bread roll or bun.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.