This Forecasting Method Is Advisable for Market Estimation Problems, Particularly

question 99

Multiple Choice

This forecasting method is advisable for market estimation problems, particularly in foreign countries that are new to the marketer. In this method, experts are polled for their opinions about market size and growth rates. Identify the forecasting method in discussion.

• A) Probabilistic forecasting
• B) Reference class forecasting
• C) Expert opinion
• D) Extrapolation
• E) Linear regression

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Definitions:

U.S. Dollars

The official currency of the United States, commonly abbreviated as USD.

Netherlands Guilders

The former currency of the Netherlands before the adoption of the euro, historically used in various Dutch territories.

U.S. Currency Value

The worth or purchasing power of the United States dollar in domestic and international markets.

Saudi Arabian Riyals

The official currency of Saudi Arabia, used for all financial transactions within the country.