Which of the following is a potential problem that can arise when using a Consensus Panel for sales forecasting?
A) It can be difficult to identify experts for the Consensus Panel.
B) A Consensus Panel is highly dependent on employee survey data which can be inaccurate.
C) A consensus cannot be arrived at within a tight forecasting schedule.
D) The consensus can drift toward the panel member with the strongest personality.
Correct Answer:
Verified
Q1: Which of the following is not an
Q2: Commonly used qualitative forecasting methods include:
A) Consensus
Q4: A variation of the Consensus Panel method
Q5: Sales Force Estimates draw forecasts from the
Q6: Which of the following methods is not
Q7: Which of the following forecasting methods includes
Q8: Which of the following statements is true
Q9: Collaborative Planning, Forecasting, & Replenishment (CPFR) models
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Q11: Level of aggregation impacts the accuracy of
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