Each of the Following Represents a Forecasting Technique,except

question 127

Multiple Choice

Each of the following represents a forecasting technique,except:

• A)Quantitative economic modelling
• B)Analysing trends in newspaper clippings
• C)Collecting and analysing competitor sales catalogues
• D)Only A and B
• E)A,B and C.

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Definitions:

GDP Deflator

An index that measures the change in prices of all new, domestically produced, final goods and services in an economy over a period of time.

Inflation Rate

The magnitude of price escalation for goods and services across the board, causing a drop in consumer purchasing prowess.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a given period, often measured annually.

GDP Deflator

An assessment tool for the prices of all new, domestically created, final goods and services in an economy.