Which of the Following Forecasting Methods Uses Executive Judgment as Its

question 102

Multiple Choice

Which of the following forecasting methods uses executive judgment as its primary component for forecasting?

• A) Historical analogy
• B) Time series analysis
• C) Panel consensus
• D) Market research
• E) Linear regression

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Definitions:

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely within a certain interval.

Exponential Probability Distribution

A probability distribution that describes the time between events in a Poisson process, representing the likelihood of time intervals between events.

Continuous Probability Distribution

A mathematical function that describes the probabilities of all possible values in a continuous random variable.

George III

King of Great Britain and Ireland during the late 18th century, whose reign saw the American Revolution and the loss of the American colonies.