Which of the Following Is a Qualitative Forecasting Technique

question 93

Multiple Choice

Which of the following is a qualitative forecasting technique?

• A)time series analysis
• B)sales force composition
• C)regression models
• D)econometric models
• E)substitution effect

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Definitions:

Consumer Surplus

The gap between the aggregate sum consumers can and are willing to spend on a good or service versus the amount they really spend.

Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices and quantities.

Market Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, often illustrated in economic surplus models.