Answer:
B. there is no historical data due to a new product introduction.
Explanation:
Forecasting -
It is the process of predicting the future depending on the present and the past data via analyzing the trends of the data .
The judgement method is only practical for making a forecast , when the there is no data in the past , and hence , nothing can be predicted or assumed from the past .
Hence , from the question , the correct statement is B. there is no historical data due to a new product introduction .
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NATO is the north American trade organization. IT's OPEC
Answer:
<em>Money</em> is a medium of exchange which has a value, it can be presented in the form of banknotes or coins.
<em>Money supply</em> is the total amount of money in circulation in a particular system.
New <em>money can be created</em> by commercial banks in the form of new loans, which do not involve issuing physical money. For example, when a bank customer wants to take out a mortgage to purchase a property, bank is not going to give him or her money in the form of cash, instead the bank would issue virtual credits.
Meanwhile, there is a limit on how much money commercial banks can give as loans, which is determined by reserve requirements. For example, if the reserve ratio is 3%, then the bank has to keep 3% of all of its money in a deposit, that it can not give out as loans.
<em>Central bank</em> performs a function of controlling country's total money supply, by measuring monetary aggregates. If there is a need for new money, the central bank creates new money and injects it into the economy. By this action, the central bank creates inflation in the economy. Central bank can also decrease the money supply, which is called deflation.