Which Forecasting Technique Has Shortcomings That Include Subjectivity and the Potential

question 3

Multiple Choice

Which forecasting technique has shortcomings that include subjectivity and the potential for group pressure to lead to less accurate assessments than could be obtained through other means?

• A)a formal expert forecast
• B)an informal expert forecast
• C)managerial judgment
• D)the Delphi technique
• E)the nominal group technique

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Definitions:

While Statements

A control flow statement in programming that repeatedly executes a block of code as long as a specified condition remains true.

Structured Programming Principles

Structured Programming Principles are a subset of programming paradigms that suggest programs should be divided into functions and follow strict sequences, selections, and loops.

Continue Statement

A control statement that causes the loop to immediately jump to the next iteration, skipping any code in between.

Counter-Controlled Loop

A loop that uses a counter variable to control the number of times the loop executes, incrementing or decrementing with each iteration.