Question

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.

Answer 1

Answer:

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