Which of the Following Forecasting Techniques Is Most Appropriate When

question 320

Multiple Choice

Which of the following forecasting techniques is most appropriate when data is scarce?

• A) Seasonal analysis
• B) Computer simulation
• C) Delphi method
• D) Linear regression

---

Definitions:

Standard Deviation

Standard deviation is a measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Standard Normal Random Variable

A normally distributed random variable characterized by a mean of 0 and a standard deviation of 1.

P

A probability value that reflects the likelihood of obtaining test results at least as extreme as the results actually observed, during the assumption that the null hypothesis is correct.

z

A statistical measure that represents the number of standard deviations a data point is from the mean.