What is a method of demand forecasting that begins by establishing a relationship between the item to be estimated and a measurable variable?
A) probabilistic forecasting
B) analogy
C) simulation
D) extrapolation
E) scenario building

Question

Quizplus · Accepted Answer

Analogy is a method of demand forecasting that involves establishing a relationship between the item to be estimated and a measurable variable, using the known data of a similar item.

What Is a Method of Demand Forecasting That Begins by Establishing