Which of the Following Is a Quantitative Approach to Forecasting

question 67

Multiple Choice

Which of the following is a quantitative approach to forecasting?

• A)the Delphi technique
• B)trend analysis and the nominal group technique
• C)the nominal group technique
• D)trend analysis
• E)managerial judgment

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Definitions:

Credit Policies

Credit policies refer to the guidelines and standards set by a business regarding the extension of credit to customers, including terms, conditions, and criteria for creditworthiness.

Monthly Rate of Return

The percentage gain or loss on an investment over a one-month period.

Variable Cost

Expenses that change in proportion to the activity of a business.

Net Present Value

The calculation of the present value of an investment's expected earnings, minus the initial capital outlay.