Question: When comparing forecasting existing products with new products, which statement is the most accurate? New product forecasts use history, while existing product forecasts are based

When comparing forecasting existing products with new products, which statement is the most accurate?

  • New product forecasts use history, while existing product forecasts are based on assumptions.
  • The goal of a new product forecast is meaningfulness, while accuracy is the goal of an existing product forecast .
  • Existing product forecasts are based on contingencies, while new product forecasts are based on certainties.
  • New product forecasts attempt to identify a point, while existing product forecasts identify a range.
  • New product forecasts use statistical methods, while existing product forecasts are based solely on judgement.

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