Time series studies would prove most beneficial when we want to forecast the acceptance and sales of an innovative product.

Name: Time series studies would prove most beneficial when we want to forecast the acceptance and sales of an innovative product.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

Time series studies are most beneficial for forecasting when there is historical data available to identify patterns and trends. For an innovative product, historical data may not exist, making time series analysis less effective.

Time Series Studies Would Prove Most Beneficial When We Want