What is the difference between trend analysis and management forecasts?
A) Trend analysis is used to analyze the business environment and management forecasts predict labour needs.
B) Trend analysis uses organizational indexes and management forecasts utilize statistical techniques.
C) Trend analysis is quantitative and management forecasts are qualitative.
D) Trend analysis has proven success and management forecasts have major shortcomings.

Question

Quizplus · Accepted Answer

Trend analysis is typically quantitative, relying on historical data to identify patterns, while management forecasts are often qualitative, based on managerial judgment and experience.

What Is the Difference Between Trend Analysis and Management Forecasts