Question: Forecast methods based on judgment, opinion, past experiences, or best guesses are known as _ _ _ _ _ _ _ _ _ _ _

Forecast methods based on judgment, opinion, past experiences, or best guesses are known as ___________ methods.
Question 5 options:
qualitative
regression
quantitative
time series

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 General Management Questions!

Q:

Matthew, Inc., owns 3 0 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee s operations and decision making. On January 1 , 2 0 2 1 , the...

Q:

CASE 1: The Hartley-Davis The Hartley-Davis motorcycle dealer in the Minneapolis-St. Paul area wants to be able to forecast accurately the demand for the Roadhog Super motorcycle during the next...

Q:

The average daily demand for an item is 45 units with a standard deviation of 10 units. The average lead time for ordering is 4 days. With a 95% service level, how much higher would the safety stock...

Q:

Can you answer this question and I'll rate a thumbs up? if the question is qualitative please justify Question 4. Multiple Choice Questions (45 points) Fill in the table with the right answers of...

Q:

Hello, may you please answer the question and I will rate a thumbs? Question 4. Multiple Choice Questions (45 points) Fill in the table with the right answers of Multiple Choice Questions. Clearly...

Q:

Forecast methods based on judgment, opinion, past experiences, or best guesses are known as quantitative time series qualitative regression

Q:

give 5 answers please asap 31 A manufacturer a product from three major components arranged as follows. The individual reliabilities of components A, B and C is 0.97, 0.94 and 0.92, respectively.In...

Q:

QUESTION 4 (20 Marks) A forecast is a prediction of what will occur in the future. Meteorologists forecast the weather, sports casters and gamblers predict the winners of football games, and...

Q:

Forecast methods based on judgment, opinion, past experiences, or best guesses are known as _ _ _ _ _ _ _ _ _ _ _ methods.

Q:

A forecast is a prediction of what will occur in the future. Meteorologists forecast the weather, sports casters and gamblers predict the winners of football games, and companies attempt to predict...

Q:

please help answer this question 13 - 27 (13) Using resources in ways that do not harm ecological systems that support human existence is referred to as (?). (14) Companies sometimes use (?) forecast...

Q:

The Cash account in the records of Arnaz Company showed a balance of $13,307 at March 31. The bank statement, however, showed a balance of $9,936 at the same date. The only reconciling items...

Q:

Explain why the demand curve facing a perfectly competitive firm is assumed to be perfectly elastic (i.e., horizontal at the going market price).

Q:

During an insured's life, the distribution of values from policies that are classified as life insurance is tax free up to what amount? a . the policy face value b . the amount of premium paid c ....

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...