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 world's largest corporations is trend extrapolation, which involves using historical data to identify and project future trends. This method is often used for short- to medium-term forecasting and can be relatively easy to implement. Statistical modeling and scenario-writing are also commonly used, but trend extrapolation is the most prevalent. The Delphi technique and brainstorming are less frequently used for forecasting in large corporations.

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