Which of the following forecasting techniques is most likely to be suitable for a time horizon of less than three months?
A)Delphi probe
B)Simple regression
C)Scenario writing
D)Jury of executive opinion

Question

Quizplus · Accepted Answer

Simple regression is a forecasting technique that is best suited for a time horizon of less than three months. This is because it uses historical data to identify the relationship between the dependent variable and one or more independent variables, making it useful for short-term forecasting. Delphi probe, scenario writing, and jury of executive opinion are better suited for longer-term forecasting horizons.

Which of the Following Forecasting Techniques Is Most Likely to Be