Which of the Following Is an Example of a Quantitative

question 24

Multiple Choice

Which of the following is an example of a quantitative forecasting technique?

• A) A book distributor asks its top 100 customers to indicate how many copies of various bestsellers they plan to order in the next three months
• B) Oculus VR invites 50 of its key gaming advisors to test out a new virtual reality headset
• C) Best Buy asks store managers to predict future sales of flat-screen TVs over the next six months
• D) Starbuck's promotes a new breakfast burrito at Midwestern stores for the next two months

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Definitions:

Holt's Method

A forecasting technique that extends exponential smoothing to allow forecasting of data with trends, accommodating changes over time.

Global Supply Chain

A supply chain that extends across international borders, encapsulating a network of suppliers, manufacturers, and distributors involved in producing and delivering products worldwide.

Flexibility

The ability of a system or organization to quickly adapt to changes in demand, technology, environments, or internal processes without significant costs or delays.

Uncertainties

Refers to the unpredictability or lack of certainty in events, situations, or outcomes, often affecting decision-making processes especially in supply chain and finance.