Which Forecasting Method Suffers from the Possibility of Having One

question 120

Multiple Choice

Which forecasting method suffers from the possibility of having one person's opinion dominate the forecast?

• A) Market research
• B) Executive opinion
• C) Delphi method
• D) Naïve method
• E) Gamma method

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Definitions:

Reinforcers

Stimuli that increase the likelihood of a behavior being repeated by providing a consequence that is desirable to the individual.

Human Behavior

encompasses the wide range of behaviors exhibited by humans and is influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and genetics.

Extinction

In behavior psychology, the process where a conditioned response decreases in frequency and eventually disappears when the reinforcement is withdrawn.

Punishment

A consequence given in response to an action or behavior that is deemed unacceptable, with the intent to discourage such behavior in the future.