Trust in a Buyer-Seller Relationship Develops from a Combination of Five

question 72

Multiple Choice

Trust in a buyer-seller relationship develops from a combination of five factors. Which of the following is NOT one of those factors?

• A)dependability
• B)honesty
• C)likeability
• D)obstinacy
• E)competence

---

Definitions:

Naive Approach

A forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.

Time-series Model

A statistical model that analyzes a sequence of data points, typically measured at successive time intervals, to forecast future trends.

Time-series Forecasting

The use of historical data to predict future occurrences through identifying patterns or trends over time.

Past Demand

Historical data regarding the quantity of goods or services that were sought after by consumers in previous periods.