Extrapolation and indexation are short-run forecasting tools that assume that the causes of demand remain consistent.

Name: Extrapolation and indexation are short-run forecasting tools that assume that the causes of demand remain consistent.
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Extrapolation and indexation techniques assume that the factors influencing demand remain the same in the short run. However, these techniques may not be effective in the long run as changes in external circumstances can significantly influence demand.

Extrapolation and Indexation Are Short-Run Forecasting Tools That Assume That