An Organization Wants to Use a Qualitative Demand Forecasting Method

question 28

Multiple Choice

An organization wants to use a qualitative demand forecasting method.Which of the following is a qualitative method?

• A)trend analysis
• B)nominal group technique
• C)HR budget
• D)staffing table

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Definitions:

Poisson Probabilities

Probabilities that describe the likelihood of a given number of events happening in a fixed interval of time or space, assuming the events occur with a known constant rate and independently of the time since the last event.

Poisson Formula

A mathematical formula used to calculate the probability of a given number of events happening in a fixed interval of time or space, assuming events occur with a known constant mean rate and independently of the time since the last event.

Compute

To perform mathematical calculations or process data using a computer or computational algorithm.

Sports Fans

Individuals who exhibit enthusiasm, and often fervent support, for sports teams, athletes, or sporting events.