Which of the following is a quantitative approach to forecasting?
A)the Delphi technique
B)trend analysis and the nominal group technique
C)the nominal group technique
D)trend analysis
E)managerial judgment

Question

Quizplus · Accepted Answer

Trend analysis involves the use of historical data to identify patterns and trends, making it a quantitative approach to forecasting. The Delphi technique and nominal group technique involve gathering opinions and ideas from experts and stakeholders, making them qualitative approaches. Managerial judgement can be either qualitative or quantitative depending on the methods and data used.

Which of the Following Is a Quantitative Approach to Forecasting