Question
Multiple Choice Question
Blank______ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resulting in its simplicity as a method but inaccuracy in times of change.
Multiple choice question.
The direct method
Trend extrapolation
The lost-horse method
A salesforce survey
Blank______ for forecasting relies on the assumption that underlying relationships in the past will continue into the future, resulting in its simplicity as a method but inaccuracy in times of change.
Multiple choice question.
The direct method
Trend extrapolation
The lost-horse method
A salesforce survey
Answers
GPT-4o mini
The correct answer is **Trend extrapolation**. This forecasting method relies on the assumption that past trends will continue into the future, making it simple but potentially inaccurate during times of change.