One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar product or service. An example is forecasting demand for the newest model of iPod by using the demand history from the previous model of iPod. This method isA. build-up forecasting.

B. Delphi.

C. panel consensus forecasting.

D. life cycle analogy.

Question

Business

Darryl Webb

13 July, 11:14

One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar product or service. An example is forecasting demand for the newest model of iPod by using the demand history from the previous model of iPod. This method isA. build-up forecasting.

B. Delphi.

C. panel consensus forecasting.

D. life cycle analogy.

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Answers (1)

Know the Answer?

Efrain Fuller · Answer 1

Life cycle analogy method

Explanation:

Life cycle analogy method A qualitative forecasting technique that attempts to identify the time frames and demand levels for the introduction, growth, maturity, and decline life cycle stages of a new product