Which of the following is an estimation technique that uses the correlation between demand and some other set of economic activities to yield a forecast?

Question

Quizplus · Accepted Answer

The estimation technique that uses the correlation between demand and some other set of economic activities to yield a forecast is called a statistical series. It involves analyzing historical data to identify patterns and trends, and then using those patterns to make predictions about future demand. This can be a useful technique when there is a strong correlation between demand for a product or service and other economic factors such as employment rates, consumer spending, or inflation.

Which of the Following Is an Estimation Technique That Uses