Which of the Following Forecasting Methods Is Very Dependent on Selection

question 85

Multiple Choice

Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?

• A) Time series analysis
• B) Simple moving average
• C) Weighted moving average
• D) Delphi method
• E) Panel consensus

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Definitions:

Solution

The value or values that satisfy an equation, inequality, system of equations, or other mathematical condition.

Absolute Value Inequality

An inequality that involves the absolute value of a variable expression.

Interval

A range of values between two numbers, often used in mathematics to specify a subset of the real number line.

Absolute Value Inequality

An inequality equation involving the absolute value of a variable or expression, indicating a range of possible values.