Which of the Following Forecasting Approach Is Appropriate for New

question 62

Multiple Choice

Which of the following forecasting approach is appropriate for new product launches?

• A)Greenfield forecasting
• B)String method
• C)Time series forecasting
• D)Linear regression

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Definitions:

Sherman Antitrust Act

A landmark federal statute in the U.S. that prohibits monopolistic business practices.

Antitrust Action

Legal measures taken to prevent or reduce monopoly power and to ensure competition in the marketplace.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Relevant Market

The market segment comprising all the consumers and businesses interested or potentially interested in purchasing a specific product or service, considering the available substitutes.