When the historic growth rates of a product are known, future growth can be forecast by means of trend analysis.

Name: When the historic growth rates of a product are known, future growth can be forecast by means of trend analysis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Trend analysis involves analyzing past trends and growth rates of a product or industry to forecast future growth. Therefore, if the historic growth rates of a product are known, it is possible to use trend analysis to forecast future growth.

When the Historic Growth Rates of a Product Are Known