The judgment methods of forecasting are to be used for purposes of:
A)making adjustments to quantitative forecasts due to unusual circumstances
B)forecasting seasonal demands in lieu of time-series approaches
C)avoiding the calculations necessary for quantitative forecasts
D)making forecasts more variable

Question

Quizplus · Accepted Answer

Judgment methods of forecasting are used to incorporate expert knowledge and intuition into the forecasting process, and to make adjustments to quantitative forecasts when unusual circumstances arise. They are not used to replace quantitative methods, avoid calculations, or make forecasts more variable.

The Judgment Methods of Forecasting Are to Be Used for Purposes