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1 year ago

a variable that predicts what will happen with the sales of another product is referred to as that product's:

1 answer:

7 0

Leading Indicator is a variable that predicts what will happen with the sales of another product is referred to as that product's.

<h3>What is a leading indicator?</h3>

A piece of data or a group of facts related to the economy that may predict future movement or change in the economy is known as a leading indicator. Future events and trends in business, markets, and the economy can be predicted and projected with the use of economic leading indicators. An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging safety indicator might be the number of accidents on a construction site, which is an output measurement. Items like newly generated accounts, leads or opportunities, and won opportunities are examples of leading indicators. Won opportunities, lost opportunities, won amounts, and lost amounts are examples of lagging indicators.

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