Which Forecasting Technique Has Drawbacks That Include Subjectivity and the Potential

question 63

Multiple Choice

Which forecasting technique has drawbacks that include subjectivity and the potential for group pressure to lead to less accurate assessments than could be obtained through other means?

• A) A formal expert forecast
• B) An informal expert forecast
• C) Managerial judgment
• D) The Delphi technique
• E) The nominal group technique

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Definitions:

Health Care Workers

Professionals engaged in occupations that focus on the health and well-being of individuals, including medical practitioners, nurses, and support staff.

Labor Relations

The study and practice of managing the relationship between employers and their workforce, particularly with regard to unions and collective bargaining.

Compensation and Benefits

The combination of salary, wages, and other perks or allowances provided to employees in exchange for their work.

Employee Relations

The management of the relationship between employers and employees, focusing on maintaining positive and productive environments.