Source: International Smoking Statistics $(2017)$

tical Thinking Questions

To forecast U$.$S$.$ cigarette sales next year,

A$.$ seasonality is the key variable.

B$.$ trend projection is always best.

C$.$ a weighted moving average method could be considered.

D$.$ the independent variable is the college age population.

E$.$ the best guess is $300$ billion cigarettes.

The life cycle for cigarette sales

A$.$ illustrates that life cycle should never be incorporated in forecasting.

B$.$ follows four standard phases of product life cycle.

C$.$ shows that Spain is bes $f$ at reducing use.

D$.$ follows the normal distribution with a mean of $1980.$

E$.$ indicates there will be no sales by $2025.$