_____ Is a Forecasting Method That Relies on Expert Estimation

question 63

Multiple Choice

_____ is a forecasting method that relies on expert estimation of future events.

• A)Weighted moving average
• B)Time series analysis
• C)Delphi method
• D)Exponential smoothing

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Pricing

The process of determining the value or amount charged for a product or service.

Market

A market is a venue where buyers and sellers come together to exchange goods, services, or information, either physically or virtually.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on various factors not related to costs.