Question
Your employer is developing a breakthrough product under a veil of secrecy. This product is unlike anything currently available
and also different from your employer’s existing product line. You have been tasked with developing a forecast. A good choice of technique would be___________________.
Solutions
Answer1
Answer:
Method of Life cycle analogy
Explanation:
Method of life cycle analogy is the technique of the qualitative forecasting, which attempts to recognize the demand levels and the time frames for the life cycle stages of the new service or the product, and the stages are decline, introduction, maturity and growth.
These forecast of individual are then added to got the overall forecast.
Therefore, in order to develop the breakthrough product. the good selection of the technique would be the method of the life cycle analogy.
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