Which of the following forecasting methods is the most widely used?
A)Survey methods
B)Mathematical models
C)Test markets
D)Operational methods
E)None of these

Question

Quizplus · Accepted Answer

Mathematical models are the most widely used forecasting method as they are precise, reliable, and can handle a large amount of data. Survey methods and test markets may be used as supplements but are not as widely used. Operational methods may be used for short-term forecasting but are not as effective for long-term forecasting.

Which of the Following Forecasting Methods Is the Most Widely