Rather Than Relying Completely on Company Executives, the Qualitative Forecasting

question 161

Multiple Choice

Rather than relying completely on company executives, the qualitative forecasting technique seeks opinions from outside the firm, such as university researchers and scientists. What is this technique known as?

• A) jury of executive opinion
• B) exponential smoothing
• C) Delphi technique
• D) sales force composite

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Definitions:

Demographic Transition

A model describing the progression from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Bystander Effect

The Bystander Effect is a social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to the diffusion of responsibility.

Law Enforcement

Agencies and officers tasked with maintaining public order and enforcing laws, including the prevention, detection, and investigation of crime.

Urban Villagers

Residents of densely populated urban neighborhoods who maintain strong community ties and networks reminiscent of traditional village life.