Which of the following statements is true about the forecasting technique known as the "jury of executive opinion"?
A) Employees at nearly all levels of the organization contribute their opinions, which is what makes this technique highly accurate.
B) It is time-consuming and expensive to implement.
C) It is a quantitative technique.
D) Contributors may lack the background knowledge and experience to make meaningful predictions.

Question

Quizplus · Accepted Answer

The "jury of executive opinion" involves gathering insights from a group of executives or experts, who may not always have the specific background knowledge needed for accurate predictions.

Which of the Following Statements Is True About the Forecasting