Pristine Carpet Cleaning uses last year's sales as a starting point to estimate next year's sales and then looks at positive and negative influences that may affect sales.This is an example of:
A)linear trend extrapolation.
B)statistical inference.
C)experimental estimation.
D)a lost-horse forecast.

Question

Quizplus · Accepted Answer

A lost-horse forecast involves starting with the last known value and adjusting for positive and negative influences to predict future values.

Pristine Carpet Cleaning Uses Last Year's Sales as a Starting