A study of nearly 500 of the world's largest corporations indicated which of the following to be the most widely practiced form of forecasting?

Question

Quizplus · Accepted Answer

The most widely practiced form of forecasting among the 500 of the world's largest corporations is trend extrapolation. This method involves analyzing past trends and using them to predict future developments. Statistical modeling, scenario-writing, Delphi technique, and brainstorming are also commonly used but not as widely practiced as trend extrapolation.

A Study of Nearly 500 of the World's Largest Corporations