Past behavior of demand is indicative of its future behavior,therefore past demand data can be used to construct demand forecasts.This statement is the underlying principle of the ______ method. A)causal B)market research C)time series analysis D)Delphi

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The principle of using past demand data to forecast future demand is the foundation of time series analysis. Time series analysis involves analyzing patterns and trends in historical data to make predictions about future demand. Causal methods use external factors to forecast demand, while market research is used to gather information about consumer preferences and habits. Delphi method involves obtaining expert opinions to form a consensus forecast.

Past Behavior of Demand Is Indicative of Its Future Behavior,therefore