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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


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

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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