What Forecasting Model or Technique Would Be Better When Forecasting

question 113

Multiple Choice

What forecasting model or technique would be better when forecasting demand in a stable market when there is a high degree of certainty in the relationship between the demand for labour and the indicators of that demand?

• A)qualitative model
• B)quantitative model
• C)scenario planning
• D)expert surveys

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Definitions:

Recurring Pattern

A repeated or habitual sequence of actions, behaviors, or events.

Supportive Leadership

A leadership style characterized by a focus on building relationships, encouraging open communication, and supporting employees in their personal and professional development.

Leadership Style

The characteristic manner and approach of providing direction, implementing plans, and motivating people that is utilized by a leader.

Democratic Leadership

A leadership style where the leader makes decisions based on the input of each team member. It values collaboration and the free flow of ideas.