The more novel a new product or service design is, the more forecasters have to rely on:_______
a) smoothed variation.
b) historical data.
c) seasonality.
d) cyclicality.
e) subjective estimates.

A subjective estimate is a specific type of estimate that is founded on a person's subjective evaluation or in-depth comprehension of the possibility of a specific outcome.

A subjective estimate only takes into account the subject's ideas and prior experiences rather than employing data or exact calculations.

Individual subjective evaluations are highly biased and differ from person to person.

Contrarily, a subjective estimate is incredibly prone to revision, even when only one person's viewpoint is taken into account.

Learn more about subjective estimates here:

https://brainly.com/question/17111746

#SPJ1

The more novel a new product or service design is, the more forecasters have to rely on:_______ a) smoothed variation. b) historical data. c) seasonality. d) cyclicality. e) subjective estimates.

Respuesta :

Otras preguntas

The more novel a new product or service design is, the more forecasters have to rely on:_______
a) smoothed variation.
b) historical data.
c) seasonality.
d) cyclicality.
e) subjective estimates.