One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar product or service. An example is forecasting demand for the newest model of iPod by using the demand history from the previous model of iPod. This method isA. build-up forecasting.

B. Delphi.

C. panel consensus forecasting.

D. life cycle analogy.

Question

Sundance

Business

10 October, 12:05

One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar product or service. An example is forecasting demand for the newest model of iPod by using the demand history from the previous model of iPod. This method isA. build-up forecasting.

B. Delphi.

C. panel consensus forecasting.

D. life cycle analogy.

+5

Answers (1)

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Ricardo Cervantes · Answer 1

Life cycle analogy method

Explanation:

Life cycle analogy method A qualitative forecasting technique that attempts to identify the time frames and demand levels for the introduction, growth, maturity, and decline life cycle stages of a new product