Assuming influencing factors are reasonably stable, which of the following forecasting techniques would be the most accurate for estimating the number of replacement car batteries that will be purchased by U.S. consumers next year?
A)salesforce survey forecast
B)trend extrapolation forecast
C)jury of expert opinion forecast
D)Delphi forecast

Question

Quizplus · Accepted Answer

Trend extrapolation forecast would be the most accurate technique for estimating the number of replacement car batteries that will be purchased by U.S. consumers next year, assuming influencing factors are reasonably stable. Trend extrapolation allows for the identification and extension of patterns from historical data, which can provide a reliable estimate of future demand. Salesforce survey forecast, jury of expert opinion forecast, and Delphi forecast may not be as accurate as they rely on subjective assessments and assumptions from individuals or groups, rather than objective data analysis.

Assuming Influencing Factors Are Reasonably Stable, Which of the Following