Question: There are four different qualitative forecasting techniques. Which option refers to the Jury of executive opinion? a . The opinions of a group of high
There are four different qualitative forecasting techniques. Which option refers to the Jury of executive opinion?
a
The opinions of a group of highlevel experts or managers, often in combination with statistical models, are pooled to arrive at a group estimate of demand.
b
The decisionmakers usually consist of a group of five to ten experts who will be making actual forecasts.
c
It can help not only in preparing a forecast but also in improving product design and planning for new products.
d
These forecasts are reviewed to ensure that they are realistic and then combined at the district and national levels to reach an overall forecast.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
