Trend extrapolation is
A) the process of converting intuition and hunches into reality.
B) the extension of present trends into the future.
C) the process of asking some authorities in the area to make an "informed guess" about the future.
D) given a large amount of historical data on certain interrelated factors, one attempts to conceptualize alternative futures.
E) detecting faulty underlying assumptions before forecasting errors can occur.

Question

Quizplus · Accepted Answer

Trend extrapolation involves extending present trends into the future. It is a quantitative forecasting method where historical data is analyzed to identify patterns and trends, which are then projected into the future.

Trend Extrapolation Is