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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


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 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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