Which of the Following Observations Is Not Applicable to the Analogy

question 21

Multiple Choice

Which of the following observations is not applicable to the analogy approach of forecasting sales?

• A)It allows for comparison of similar available historical data for any particular product.
• B)It uses a behavioural approach to estimate future sales patterns and likely customers.
• C)It is an approach often used to forecast the sales or market potential for a new product.
• D)It allows managers to look at the sales history of earlier introductions to forecast the sales for the new product.

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Definitions:

American Health Information Management Association

The American Health Information Management Association (AHIMA) is a professional organization that promotes the accurate, confidential, and secure management of healthcare data.

Controlled Substances Act

A statute establishing federal U.S. drug policy under which the manufacture, importation, possession, use, and distribution of certain substances are regulated.

Medical School

An educational institution that provides training and education for students to become physicians or other health professionals.

Scientific Medicine

An approach to medicine that is based on the scientific method and evidence-based practices.