Ask Question
BusinessBusiness
1 August, 14:52

Bass new product forecasting model is used for estimating long term sales potential of a product True False

+3
Answers (1)
  1. 1 August, 14:58
    0
    True

    Explanation:

    The Bass New forecasting model is a forecasting model that is commonly used to estimate the sales of a product at a certain in future and it is used for highly durable goods.

    The bass new forecasting model wad developed by Frank Bass and it has a formula

    f (t) = p + qF (t)

    1 - f (t)

    where:

    f (t) is the change of the installed base fraction

    F (t) is the installed base fraction

    p is the coefficient of innovation

    q is the coefficient of imitation

    Cheers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bass new product forecasting model is used for estimating long term sales potential of a product True False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The method most commonly used by financial institutions to determine finance charges on consumer loans is the
Answers (1)
Equivalent-unit calculations are necessary to allocate manufacturing costs between: cost of goods manufactured and cost of goods sold. units sold and ending work in process. units completed and ending work in process.
Answers (1)
Which of the following words is not spelled correctly? a. guitar c. cost b. amiga d. war
Answers (2)
Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $200,000 to the building and $50,000 to the land. The property was placed in service on October 2.
Answers (1)
What are two of the benefits of earning college credit in high school? A. Getting stressed out from the academic requirements B. Paying less for tuition C. Graduating high school early D. Graduating college early
Answers (1)
New Questions in Business
You are invited to go to the mall with a new group of friends from school. you don't know them that well, but are excited that they included you in their plans.
Answers (1)
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.
Answers (1)
Property taxes on a company's factory building would be classified as a (n) :
Answers (1)
Diane had a plan to improve her responsibility. in order to understand if she has met her goal, she must A. formulate a new goal B. record her progress C. accomplish harder tasks D. ask others for their opinions
Answers (1)
Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding
Answers (1)
Home » Business » Bass new product forecasting model is used for estimating long term sales potential of a product True False
Sign Up Forgot Password?