When no historical data are available, _____ is the sole basis for predicting future demands.
A) statistical forecasting
B) regression analysis
C) judgmental forecasting
D) exponential smoothing

Question

Quizplus · Accepted Answer

When there is no historical data available, the only way to predict future demands is through judgmental forecasting. This involves using the expertise and opinions of individuals or groups to make estimates about future demands. This can be done through brainstorming sessions, surveys, or other methods of gathering input from experts in the field. Statistical forecasting, regression analysis, and exponential smoothing all rely on historical data to make predictions, so they are not applicable in this situation.

When No Historical Data Are Available, _____ Is the Sole