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Which of the following conclusions can be drawn from the below figure using the Bass forecasting model? (Note: Bass forecasting model is given by: Ft = (p + q[Ct - ₁ /m]) (m - Ct - ₁) ,
Where m = the number of people estimated to eventually adopt the new product,
Ct - ₁ = the number of people who have adopted the product through time t - 1,
Q = the coefficient of imitation, and
P = the coefficient of innovation.)
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