Question: Consider the Bass model results shown below: Audit Trail - Statistics Accuracy Measures Value AIC 14.04 BIC 13.42 Mean Absolute Percentage Error (MAPE) 11.01 %

Consider the Bass model results shown below:

Audit Trail - Statistics
Accuracy Measures Value
AIC 14.04
BIC 13.42
Mean Absolute Percentage Error (MAPE) 11.01 %
R-Square 97.42 %
Adjusted R-Square 97.42 %
Root Mean Square Error 1.09
Method Statistics Value
Method Selected Base Model
p(inovation rate) 0.04
r(immitation rate) 0.41
qbar(cummulative value) 100.00

This model predicts percentage of adoptions over time for a particular product. The results show

Multiple Choice

the product has a relatively high innovation rate characteristic.

None of the options are correct.

the product is only poorly forecast with a Bass model.

the product has a relatively high imitation rate characteristic.

the product exhibits no standard growth pattern.

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