Which of the following is INCORRECT about a qualitative approach to forecasting?
A) Can include managerial judgment when developing forecast data.
B) Is useful when past data are not good indicators of future conditions.
C) Typically used for short-range forecasting decisions.
D) A market survey is one example method.
Correct Answer:
Verified
Q30: The life cycles analogy technique fits best
Q31: _ models are usually more accurate than
Q32: Using a simple exponential smoothing model (alpha
Q33: Measured by the mean absolute deviation,which of
Q34: Which of the following best describes the
Q36: A sports equipment retailer needs to forecast
Q37: When selecting a forecasting method,which of the
Q38: Which of the following is NOT true
Q39: Using a three-period weighted moving average model
Q40: Assume you discovered from historical records that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents