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.

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Definitions:

Sense of Touch

The ability to perceive and interpret information through physical contact, using receptors in the skin to detect pressure, temperature, and pain.

Thalamus

A crucial brain structure that acts as a relay station for sensory and motor signals to the cerebral cortex, involved in consciousness and alertness.

Occipital Lobes

Regions of the cerebral cortex at the back of the brain; these regions are important for vision.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, playing a key role in memory, attention, perception, awareness, thought, language, and consciousness.