Which of the following forecasting techniques is suitable for medium time horizon,has a low cost,but it is advised that its results be interpreted with caution?
A)Simple regression
B)Simple time series
C)Advanced time series
D)Jury of executive opinion

Question

Quizplus · Accepted Answer

Jury of executive opinion is a qualitative forecasting technique that is suitable for medium time horizon and has a low cost. However, its results should be interpreted with caution as they are based on the opinions of experts, which can be subjective and biased.

Which of the Following Forecasting Techniques Is Suitable for Medium