Entrepreneurs Are About Change and Competition

question 16

Multiple Choice

Entrepreneurs are about change and competition:

• A) because they change market structure
• B) because they provide supply and demand
• C) because they apply laws and legislation
• D) because they change business structure

---

Definitions:

Sales Forecast

The process of estimating future sales. Accurate sales forecasts enable companies to make informed business decisions and predict short-term and long-term performance.

Holt-Winters Additive Model

A forecasting technique that captures seasonality, trend, and level in time series data, adding them together for prediction.

Exponential Smoothing

It is a rule of thumb technique for smoothing time series data using the exponential window function.

Additive Model

A statistical model where the effect of variables is linear and additive, assuming each variable contributes a separate and additive amount to the final outcome.