With respect to past-sales analysis, econometric analysis consists of projecting the next period's sales by combining an average of past sales and the most recent sales, giving more weight to the latter.

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Econometric analysis involves using statistical methods to model the relationship between a dependent variable, like sales, and one or more independent variables, such as price or advertising spend, rather than simply averaging past sales with more weight on recent sales.

With Respect to Past-Sales Analysis, Econometric Analysis Consists of Projecting