When forecasting industry sales it can be useful to
A) Utilize the industry life cycle.
B) Use input-output analysis.
C) Use the relationship between an industry and the aggregate economy.
D) All of the above.
E) None of the above.

Question

Quizplus · Accepted Answer

It is best to utilize all three methods when forecasting industry sales. Utilizing the industry life cycle helps to understand the growth trajectory of the industry, input-output analysis helps to understand the relationships between different sectors of the industry, and understanding the relationship between an industry and the aggregate economy helps to understand the external factors that can impact industry sales.

When Forecasting Industry Sales It Can Be Useful to