Which of the Following Statement Is TRUE Regarding Forecasting Methods

question 83

Multiple Choice

Which of the following statement is TRUE regarding forecasting methods?

• A) Subjective judgment has no place in modern HR forecasting which depends entirely on hard, objective data.
• B) Statistical regression analysis is a well-established judgmental method for forecasting.
• C) Forecasting is a combination of quantitative methods and subjective judgment.
• D) Complex computer simulations are able to project HR supply and demand accurately over the long-range, but short-run projections are more error-prone.

---

Definitions:

Buy-class Situation

The classification of purchasing situations into categories, often based on the level of decision-making complexity and newness of the buying requirement.

Buying Center

A group of individuals within an organization who are responsible for making purchase decisions.

Buying Objective

Buying Objective refers to the specific goals or criteria that guide a consumer's or organization's purchasing decisions.

First-time Buyer

A person who is purchasing a product or property for the first time, often in the context of real estate.