Which forecasting technique requires usage of past data?
A) Sales force composite
B) Executive opinion
C) Market testing
D) Market survey
E) Naive extrapolation

Name: Which forecasting technique requires usage of past data? A) Sales force composite B) Executive opinion C) Market testing D) Market survey E) Naive extrapolation
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Question

Quizplus · Accepted Answer

Naive extrapolation relies on historical data to predict future outcomes by assuming that future patterns will follow past patterns.

Which Forecasting Technique Requires Usage of Past Data