Which of the following forecasting tools is commonly used for durable goods and is based on the diffusion curve of new products through a population?
A) The A-T-A-R model
B) Econometric analysis
C) Multiple regression analysis
D) The Bass model

Question

Quizplus · Accepted Answer

The Bass model is a forecasting tool commonly used for durable goods and is based on the diffusion curve of new products through a population. The A-T-A-R model is used for repeat purchase products, Econometric analysis is a statistical method used to analyze economic data, and Multiple regression analysis is a statistical tool used to establish a relationship between a dependent variable and one or more independent variables.

Which of the Following Forecasting Tools Is Commonly Used for Durable