A Number of Complementary Analytical Methods Are Used to Estimate

question 27

Essay

A number of complementary analytical methods are used to estimate the demand for a new store. One of the most widely used techniques is known as the analogue approach. Discuss the 4-steps that one would undertake using the analogue method.

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Definitions:

Medical Insurance

A type of insurance coverage that pays for an individual's medical and surgical expenses incurred from illness or injury, or reimburses the insured for expenses incurred from such incidents.

Unemployment Taxes

Taxes imposed on employers, based on the amount of wages paid to employees, used to fund unemployment compensation programs.

Gross Wages

The total amount of salary or wages earned by an employee before any deductions or taxes are applied.

Social Security

A governmental program providing financial assistance to people with inadequate or no income, especially the elderly, disabled, and families with dependent children.