Question

Predictions based on the assumption that history repeats itself the technique of prediction is called methods.​

Answer 1

Explanation:

The classical theory of international trade is The classical theory of international trade is based on assumption of on assumption ofPredictions based on the assumption that history repeats itself the technique of prediction is called methods

Answer 2

PREDICTIONS BASED ON THE ASSUMPTION THAT HISTORY REPEATS ITSELF THE TECHNIQUE OF PREDICTION IS CALLED  BAROMETRIC METHOD.

Explanation:

• This method is basically based on the past demands of the product .
• this tries to repeat the past into the future. The economic indicators are used to predict the future trends of the any business. Based on future trends, the demand for the product is forecasted.
• Those indicators can also change based on external factors and here the demand is forecasted based on the analysis of all three indicators.