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
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.
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 technique used for decision-making under uncertainty?
Option 1: Cost-benefit analysis
Option 2: Pareto analysis
Option 3: Decision tree analysis
Option 4: SWOT analysis
Question : Which of the following is a quantitative forecasting technique?
Option 1: Delphi technique
Option 2: Scenario planning
Option 3: Trend analysis
Question : The PERT technique is used for:
Option 1: Budgeting
Option 2: Forecasting
Option 3: Risk assessment
Option 4: Project scheduling
Question : Which technique is commonly used in self-regulation to manage time effectively?
Option 1: Positive reinforcement
Option 2: Time blocking
Option 3: Negative reinforcement
Option 4: Avoidance learning
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