A Qualitative Forecasting Technique in Which Individuals Familiar with Specific

question 23

Multiple Choice

A qualitative forecasting technique in which individuals familiar with specific market segments estimate the demand within these sectors that are then summed to get an overall forecast is called a:

• A)market survey.
• B)life cycle analogy.
• C)panel consensus forecasting.
• D)build-up forecast.

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Definitions:

Free Will

The concept that humans have the ability to make choices that are not determined by prior causes or by divine intervention.

Conscious Mind

The aspect of the mind that is aware of thoughts, feelings, and surroundings at any given moment.

Behaviors

Behaviors are the actions or reactions of an individual or a system in response to external or internal stimuli.

Positron-Emission Tomography

An imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes, and hence, the functioning of organs and tissues.