Levi Strauss Is Unsure of What Sales Forecasting Method to Use

question 31

Multiple Choice

Levi Strauss is unsure of what sales forecasting method to use in determining future demand for its 501 blue jeans. When choosing the specific forecasting method, Levi Strauss should consider all of the following except

• A) the costs involved.
• B) capital investment projects.
• C) time span of the forecast.
• D) market characteristics.
• E) experience of forecasters.

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Definitions:

Assimilating

The process of absorbing new information into our previously existing schemas or understanding, especially noted in the context of learning and cognitive development.

Transitivity

In mathematics, a property indicating that if a relation holds between a and b, and b and c, then it also holds between a and c. In linguistics, it refers to a property of verbs that require both a subject and one or more objects.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Arbitrary

Based on random choice or personal whim, rather than any reason or system.