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:

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Polysubstance

The use of multiple drugs simultaneously or at different times within a short period, often with the intention of enhancing or counteracting the effects of another substance.

Bulimia Nervosa

An eating disorder marked by binge eating followed by extreme behaviors to avoid weight gain, such as self-induced vomiting.

Hispanic

Relating to, characterized by, or derived from the people, culture, or language of Spain, Latin America, and individuals of Spanish or Latin American origin in the United States.