Which of the Following Sales Forecasting Techniques Would Generally Be

question 18

Multiple Choice

Which of the following sales forecasting techniques would generally be most suitable for estimating sales of a new product?

• A) Executive judgment
• B) Customer surveys
• C) Time series analysis
• D) Market tests
• E) Regression methods

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Definitions:

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance and progressive taxation, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Unemployment Benefits

Payments made by the government to unemployed individuals, intended to provide a source of income while they seek new employment.

Stabilization Policy

A government strategy aimed at managing economic cycles by adjusting fiscal policy or monetary policy to stabilize the economy.

Aggregate Demand

Aggregate demand is the total demand for all goods and services in an economy at a given overall price level and in a given time period.