Due to the Greater Uncertainties and Data Limitations Associated with Foreign

question 80

True/False

Due to the greater uncertainties and data limitations associated with foreign markets, two methods of demand forecasting are particularly suitable for international marketers: probabilistic forecasting and reference class forecasting.

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Definitions:

Inconsistent Behavior

Actions or responses that vary significantly over time or across situations, lacking predictability.

Attitudes

A settled way of thinking or feeling about something or someone, typically reflected in a person's behavior or expressed viewpoints.

True Emotions

Genuine feelings that reflect one's actual emotional state, as opposed to emotions that are displayed for effect or manipulation.

Tolerate

The capacity to accept or endure someone or something, especially differing opinions or behavior, without adverse reaction.