Statistical Methods Are Not Recommended for New Product Managers Charged

question 12

Multiple Choice

Statistical methods are not recommended for new product managers charged with forecasting sales for a new product because:

• A)here is no history in their venture on which to base a statistical forecast.
• B)These methods tend not to base their assumption of the future on the past.
• C)It does not include a method to forecast the impact on consumer demand of different combinations of attributes.
• D)It is not based on what people actually do.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.