In 2017, a marketing manager for New Balance's Minimus golf shoe needs to forecast sales through 2019. She begins with the known totals for 2016 and adjusts for positive factors like acceptance of new high-tech designs and great publicity, and for negative factors like the stagnant economy and predicted moves by the competition. This type of forecast is referred to as
A.) Direct forecasting
B.) linear trend forecasting
C.) a survey of buyers intentions
D.) trend extrapolation
E.) lost-horse forecasting
Answer: E.) lost-horse forecasting