Trend Extrapolation Involves

question 318

Multiple Choice

Trend extrapolation involves

• A)extending a pattern observed in past data into the future.
• B)selecting specific points on a graph of sales or market share,multiplying by the cost of living index,and allowing for a variation of plus or minus 3%.
• C)averaging the total sales or market share for the previous 5 years and multiplying that number by the expected GDP growth rate for the next year (say 1.5%)to arrive at the next year's forecast.
• D)selecting a given percentage and using that number as a yearly predictive base regardless of changes in sales,revenue,or market share.
• E)collecting projections from all regional sales managers and making the final projection.

---

Definitions:

Modern Sociology

Refers to contemporary approaches and debates within the discipline of sociology, focusing on understanding complex social dynamics, structures, and changes in the modern world.

Enlightenment

The period in eighteenth- and nineteenth-century Europe characterized by faith in the ability of human reason to solve society’s problems.

Functionalist Sociologists

Scholars who analyze society in terms of its structures and their functions, focusing on how each part contributes to societal stability and cohesion.

Independent Parts

Components or elements within a system that function separately but cooperatively to achieve a common purpose.