A technique which multiplies a base number by adjusting percentages is called ____________?
Correct answer: A. chain-ratio method
- A. chain-ratio method
- B. supply ratio method
- C. raw material ratio
- D. fixed cost ratio
Explanation
The chain-ratio method starts with a base population or market figure and successively applies percentage adjustments to estimate demand. The other ratios listed are not standard market-demand forecasting methods.
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