Which of the Following Methods of Sales Forecasting Is Least

question 19

Multiple Choice

Which of the following methods of sales forecasting is least dependent on historical data?

• A)Test marketing.
• B)Trend analysis.
• C)Correlation analysis.
• D)Direct derivation.
• E)Analysis of past sales.

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Definitions:

Total Fixed Costs

The sum total of costs that are unaffected by changes in production levels or output.

Short-Run

A phase where production can be adjusted only by varying the amounts of variable inputs, with fixed inputs remaining constant.

Level of Output

The total quantity of goods or services produced by a company or economy at a given time.

Short Run

A time period in economics during which at least one input in the production process is fixed, affecting production capabilities.