In Which of the Following Situations Is the Use of Qualitative

question 61

Multiple Choice

In which of the following situations is the use of qualitative forecasts most appropriate?

• A) A marketing manager has to forecast monthly sales for the coming financial year based on the past monthly sales figures.
• B) A TV network executive has to forecast viewership figures for a daily talk show based on historical data from the past on a similar show on a rival network.
• C) An economist has to forecast credit flow resulting from a newly introduced stimulus package by the federal government.
• D) A country's annual rate of growth for the upcoming year has to be estimated based on the annual GDP data from the last 20 years.

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Definitions:

Anesthetic

A substance used to induce anesthesia, temporarily reducing or eliminating sensation, often used in surgical procedures to prevent pain.

Forceps

A handheld, hinged instrument used for grasping and holding objects, often used in medical procedures.

Van Buren Urethral Sound

A medical instrument used for dilating the urethra, typically employed in procedures involving the urinary tract.

Olsen Hegar Needle Holder

A surgical instrument used to hold needles during suturing, combining a needle holder and scissors.