Tristan Is a Freshman in High School and Is Looking

question 49

Multiple Choice

Tristan is a freshman in high school and is looking for a way to save money for college.What strategy would be best for him to use?

• A) 529 plan
• B) CD
• C) IRA
• D) 401(k)

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Definitions:

Market Intelligence

The process of gathering, analyzing, and interpreting information about a market, including its size, growth, competitive landscape, and customer needs and preferences.

Holt's Model

A forecasting technique that extends exponential smoothing to allow forecasting of data with trends by adding a trend smoothing coefficient.

Trend Component

A pattern or direction in data series that shows movement in a particular direction over time, often identified in time-series analysis.

Historical Demand

The record of past consumer purchasing behavior that is used to predict future demand patterns.