Which of the following statements is true about the forecasting technique known as "trend analysis"?
A) It cannot be used to forecast sales of new products.
B) It requires very expensive computing equipment and data researchers.
C) One advantage of this technique is that it assumes that conditions in the future will remain as they have been in the past.
D) It is a qualitative technique.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true about the forecasting technique known as "trend analysis"?
A) It cannot be used to forecast sales of new products.
B) It requires very expensive computing equipment and data researchers.
C) One advantage of this technique is that it assumes that conditions in the future will remain as they have been in the past.
D) It is a qualitative technique.

Which of the Following Statements Is True About the Forecasting