Which of the Following Depicts a Common Top-Down Approach to Forecasting

question 46

Multiple Choice

Which of the following depicts a common top-down approach to forecasting?

• A) Begin with a company's sales forecast for a specific market segment, then draw national and industry sales forecasts.
• B) Start with an industry forecast, then apply it to a specific company and its products, and subsequently draw a national income forecast.
• C) Start by developing a national income forecast; then use it to develop an industry sales forecast; then use it to develop forecasts for a specific company, its specific products, and the segments it targets.
• D) Start by developing a national income forecast, then develop a forecast for a specific company, which should lead to an industry sales forecast.
• E) None of the above.

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Definitions:

Ethnic Identity

A sense of belonging or attachment to a group based on cultural, linguistic, or ancestral traits.

Aboriginal Canadians

Indigenous peoples in Canada, including First Nations, Inuit, and Métis, who have unique cultures, languages, and histories.

Jamaican Canadians

Individuals of Jamaican descent who are either born in or have migrated to Canada, contributing to Canada's multicultural society.

Symbolic Ethnicity

Is a nostalgic allegiance to the culture of the immigrant generation, or that of the old country, that is not usually incorporated into everyday behaviour.