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.
Question : Which of the following is a technique used for decision-making under uncertainty?
Option 1: Cost-benefit analysis
Option 2: Pareto analysis
Option 3: Decision tree analysis
Question : Which of the following is a technique used for forecasting market demand?
Option 1: Break-even analysis
Option 2: Market segmentation
Option 3: Regression analysis
Option 4: Pareto analysis
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
Question : Which of the following is a limitation of the Delphi technique?
Option 1: Lack of expert input
Option 2: Time-consuming process
Option 3: Inability to handle uncertainty
Option 4: Inflexibility in adapting to changes
Question : Which of the following is a method for analyzing financial statements?
Option 1: Variance analysis
Option 2: Trend analysis
Option 3: Break-even analysis
Option 4: None of the above
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile