Which of the Following Techniques Uses Variables Such as Price

question 122

Multiple Choice

Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?

• A) associative models
• B) exponential smoothing
• C) weighted moving average
• D) simple moving average
• E) time series

---

Definitions:

Responsiveness

The ability of a system or organization to react quickly and positively to changes or requests.

Quantity

The amount or number of a material or immaterial good that is considered disposable or usable.

Income Elasticity of Demand

Income elasticity of demand measures how the quantity demanded of a good or service changes in response to a change in consumers' income.

Quantity Demanded

In economics, the total amount of a good or service that consumers are willing and able to purchase at a given price.