According to the Technology Adoption Curve, the First Group to Adopt

question 86

Multiple Choice

According to the technology adoption curve, the first group to adopt a new technology is referred to as __________.

• A)early adopters
• B)innovators
• C)fast movers
• D)first buyers

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Definitions:

Historical Demand

Past data regarding the consumption of products or services, used to predict future demand patterns and guide inventory and production planning.

July

The seventh month of the year in the Gregorian calendar, typically associated with mid-summer in the northern hemisphere.

Simple Exponential Smoothing

A time series forecasting method for univariate data that can be used to forecast data without any clear trend or seasonal patterns.

Observable Trend

A pattern, change, or movement in data that can be detected and assessed through analysis over a certain period.