Pristine Carpet Cleaning uses last year's sales as a starting point to estimate next year's sales and then looks at positive and negative influences that may affect sales. This is an example of:
A)a lost-horse forecast.
B)linear trend extrapolation.
C)statistical inference.
D)experimental estimation.

Question

Quizplus · Accepted Answer

A lost-horse forecast involves starting with the last known value and adjusting for positive and negative influences to estimate future values.

Pristine Carpet Cleaning Uses Last Year's Sales as a Starting