In the "Jury of Executive Opinion" Method of Forecasting

question 2

Multiple Choice

In the "jury of executive opinion" method of forecasting:

• A) the main advantage is that its results are always very good.
• B) each executive projects future trends, but does no extending of the past.
• C) forecasters develop a combination of factors.
• D) the combined opinions of experienced executives are used to reach a consensus.
• E) none of the above.

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Definitions:

Expertise

Deep knowledge or skill in a particular area or field developed over time.

Hardware

Hardware means the physical components of a computer system, such as the processor, memory devices, and input/output peripherals.

Processor

A processor, or central processing unit (CPU), is the primary component of a computer that performs most of the processing inside a computer, executing instructions from both software and hardware.

Printer

A device that converts digital documents into physical form, producing text and images on paper.