Question : Which of the following is a quantitative forecasting technique?
Option 1: Delphi technique
Option 2: Scenario planning
Option 3: Trend analysis
Option 4: SWOT analysis
Correct Answer: Trend analysis
Solution : The correct answer is (c) Trend analysis.
Trend analysis is a quantitative forecasting technique that involves examining historical data and identifying patterns, trends, or relationships to predict future outcomes. It relies on statistical methods and mathematical models to analyze data over time, such as sales figures, production volumes, or market data. By identifying and extrapolating patterns, trend analysis can provide insights into the direction and magnitude of future trends, allowing organizations to make informed forecasts and predictions.
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