Question: Discuss Qualitative forecasting technique. Explain the situations where we use Qualitative methods. Discuss Delphi forecasting method and its challenge. (03 marks)

Discuss Qualitative forecasting technique. Explain the situations where we use Qualitative methods. Discuss Delphi forecasting method and its challenge. (03 marks)

Step by Step Solution

★★★★★

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Qualitative forecast technique Qualitative forecasting is a meth... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Qualitative forecasting methods should be used only as a last resort. Agree or disagree? Comment.

Q:

Explain the types of situations where each channel or technique would be most effective. Provide examples and facts for your audience. Avoid simply offering an opinion; rely on valid, academic...

Q:

Explain the types of situations where each channel or technique would be most effective. Provide examples and facts for your audience. Avoid simply offering an opinion; rely on valid, academic...

Q:

Explain main differences between an immigrant and a refugee? In detail explain the difference between making a refugee claim at the port of entry vs. inside Canada ? What are the 3 departments...

Q:

Explain the situations where marginal cost pricing may be appropriate. (Section 20.8.5)

Q:

Explain the situations where a parent may not be required a consolidated financial statement.

Q:

I have a question to work out: Using an applied example, (i) explain the situations where an auditor can disclose confidential information about a client. (ii) explain what is meant by confidential...

Q:

Answer all questions 10. 11. 12. Entitlement to register with the National Social Security Fund (NSSF) of which she will contribute 5% and the employer 10% of her basic salary. Entitlement to a...

Q:

Discuss the reasons for choosing a modified Delphi technique to study and potentially overcome a problem in your workplace and when it would be appropriate to use the approach. Define and describe...

Q:

Predictive text entry systems are familiar on touch screens and mobile phones. This question asks you to consider how the same principles might be used in a programming editor for creating Java code....

Q:

If C, be the velocity of sound in air and C be the r.m.s velocity, then (a) C

Q:

Refer to Sheets 1, 4, and 5 from the Delhi Flower and Garden Centers commercial building plans in the Large Prints supplement to answer the following questions. 1. 1. What is the scale of the grading...

Q:

Show My Work ( Optional ) 0 / 0 . 4 Points ] SCALCET 9 2 . 6 . 0 2 3 . Find the limit . ( If the limit is infinite, enter ' ' or ' - ' , as appropriate. If the limit does not otherwise exist, enter...

Q:

You are auditing Martha's Prison Clothes Inc., as of December 31, 2014. The inventory for orange jumpsuits shows 1,263 suits at $ 782 for a total of $ 987,666. When you look at the invoices for the...

Q:

Leslie Baker, an attorney, had the following transactions (among others) during 20X0, her initial year in law practice: a. On July 1, Baker leased office space for 1 year. The landlord (lessor)...

Q:

Besides Woody Robinson, what other parties were at least partially responsible for the inventory losses Goodner suffered? Defend your answer.

Q:

Develop one or more control policies or procedures to alleviate the control weaknesses you identified in responding to Question 2. Data from Question 2 List the key internal control weaknesses that...

Q:

United Savings Bank (USB) is examining the profitability of its Premier Account, a combined savings and checking account. Depositors receive a 2% annual interest rate on their average deposit. USB...

Q:

What details would you add to or change in the writer's description of a college student? Exercise 3 Reading a student essay Read the essay. According to the writer, what are the two main reasons...

Q:

Please help me asap...pleaseee Mine is AFRICA QUESTION 2 120 MARKSI a) Define the meaning of below topic in your own word. [2 marks] **(There is no limit of words for your explanation but should be...

Q:

There are 2 basic ways to undertake forecasting: qualitative and quantitative methods. Qualitative forecasting techniques are especially important when historical data is not available. Match the...

Q:

For a new product or service when there is little data and no historical demand, companies may adopt qualitative forecasting techniques to predict what might happen with demand. What would be a good...

Q:

For a new product or service when there is little data and no historical demand, companies may adopt qualitative forecasting techniques to predict what might happen with demand. What would be a good...

Q:

Discuss the qualitative forecasting technique of a historical life-cycle analysis.

Q:

Which qualitative forecasting technique was developed to ensure that the input from every participant in the process is weighted equally? TW-111