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boyakko [2]
3 years ago
6

A toy manufacturer has excellent sales figures for its toys in country P but inadequate figures in the neighboring country R. In

country P, per capita consumption is known to increase at a predictable ratio as per capita gross domestic product (GDP) increases. If per capita GDP is known for country R, per capita demand for the toys can be estimated using the relationships established in country R. Which of the following methods of forecasting does this example illustrate?A.Linear regressionB.AnalogyC.Reference class forecastingD. Probabilistic forecastingE. Expert opinion
Business
1 answer:
cluponka [151]3 years ago
6 0

Answer: Analogy

Explanation:

The method of forecasting that this example illustrate is analogy. Forecast by analogy refers to the forecasting method which simply assumes that two different kinds of situations have identical models and therefore share the same model of behaviour.

This can be infered from the situations that once the per capita GDP is known for the country, the per capita demand for the toys can be estimated.

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3 years ago
Identify and explain the four primary types of taxes that businesses pay
DENIUS [597]

Answer

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3 0
3 years ago
Each of the following is an advantage of using cash EXCEPT:
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8 0
3 years ago
Read 2 more answers
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
IRISSAK [1]

Answer:

Second National  Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n    

<u>$13,900</u> = (1.10)n

$5,400            

2.574074074 = (1.10)n

Log 2.574074074 = n  log 1.10

<u>Log 2.574074074</u> = n  

Log 1.10                  

n =  9.9 years      

None of the answers is correct                                                                                                                                                          

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        

8 0
3 years ago
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