Temporal Effects Include

question 327

Multiple Choice

Temporal effects include

• A)the purpose of the purchase.
• B)the presence of other people.
• C)the time of day of the purchase.
• D)the crowding in retail stores.
• E)the consumer's mood while engaged in the purchase.

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Definitions:

Causal Forecasting Methods

Forecasting techniques that assume relationships between the item being forecasted and other variables, such as promotional campaigns or economic conditions, to predict future trends.

Environment Factors

External elements, such as regulatory, social, economic, and ecological conditions, that can influence a company's operations and strategic decisions.

Demand Forecast

The method of predicting the amount of a product or service that customers will buy in the future.

Correlated

When two or more variables are related in some way, meaning that a change in one variable is associated with a change in another.