Question : Which of the following is a qualitative forecasting technique?
Option 1: Time series analysis
Option 2: Regression analysis
Option 3: Jury of executive opinion
Option 4: Exponential smoothing
Answer (1)
26th Jan, 2024
Correct Answer: Jury of executive opinion
Solution : The correct answer is (c) Jury of executive opinion
A "Jury of executive opinion" is a qualitative forecasting technique that involves gathering opinions and insights from a group of experts or executives within an organization. These individuals provide their judgments, based on their knowledge and experience, regarding future events, trends, and outcomes. The opinions of the experts are combined and analyzed to generate a forecast.
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