Which of the Following Forecasting Methods Uses Executive Judgment as Its

question 102

Multiple Choice

Which of the following forecasting methods uses executive judgment as its primary component for forecasting?

• A) Historical analogy
• B) Time series analysis
• C) Panel consensus
• D) Market research
• E) Linear regression

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Definitions:

Standardization

The process of implementing and developing technical standards to ensure compatibility and interoperability among different systems or products.

Metric Drawings

Engineering or technical drawings in which dimensions and measurements are indicated using the metric system, typically millimeters (mm) or meters (m).

Millimeters

A unit of length in the metric system equal to one thousandth of a meter, commonly used worldwide for many measurements.

Lettering

The practice of adding textual information, such as notes and dimensions, to engineering drawings in a standardized manner.