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A survey of buyers' intentions forecast is what type of sales forecasting technique?

a) Qualitative forecasting
b) Time series analysis
c) Regression analysis
d) Causal modeling

User GeoNomad
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Final answer:

A survey of buyers' intentions forecast is a qualitative forecasting technique which is based on expert opinions and market research, unlike quantitative methods that use numeric data. Quantitative discrete data can be counted, such as the number of park visits per week, while quantitative continuous data can be measured precisely, like the duration of visits. The correct option is:a) Qualitative forecasting

Step-by-step explanation:

A survey of buyers' intentions forecast is a type of qualitative forecasting technique. Qualitative forecasting techniques often incorporate expert opinions, market research, and comparative analysis rather than relying strictly on historical numeric data. In comparison, Time series analysis, Regression analysis, and Causal modeling are quantitative forecasting methods that typically use numerical data to predict future trends.

For example, the number of times per week a person visits a park is quantitative discrete data because it is countable and has a finite number of possible values. On the other hand, the duration of these visits is quantitative continuous data because the time can be measured to any level of precision and theoretically can have infinitely many values.

The sampling method in the survey conducted to determine the use of a park in San Antonio could be identified as systematic sampling because it involves selecting members of the population at regular intervals (every eighth house). The correct option is:a) Qualitative forecasting

User Cherankrish
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