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 is

A. build-up forecasting.
B. Delphi.
C. panel consensus forecasting.
D. life cycle analogy.

Answer 1

D. life cycle analogy

Step-by-step explanation:

this method is called life cycle analogy