Which of the following methods of sales forecasting is most likely to be used to predict the economic performance of a country?

Question

Quizplus · Accepted Answer

Econometric models use statistical analysis to predict economic performance based on historical data and other economic indicators. This method is commonly used by government agencies and economic research firms to forecast national economic trends. Executive opinion and the Delphi method rely on the judgment of individuals or groups, while moving average is a time-series analysis method that is better suited for predicting short-term sales trends.

Which of the Following Methods of Sales Forecasting Is Most