An Example of a Low-Cost Forecasting Technique Is

question 35

Multiple Choice

An example of a low-cost forecasting technique is

• A) times series models
• B) scenario development
• C) econometric models
• D) multiple regression

---

Definitions:

Plant Sizes

Refers to the scale or capacity of manufacturing or production facilities, impacting output, efficiency, and economies of scale.

Natural Monopoly

An industry in which economies of scale are so great that a single firm can produce the industry’s product at a lower average total cost than would be possible if more than one firm produced the product.

Unit Costs

The expense a business incurs to manufacture, warehouse, and distribute a single unit of a specific product or service.

Entire Output

The total amount of goods or services produced by a company, industry, or country within a specific period.