Assuming influencing factors are reasonably stable,which of the following forecasting techniques would be the most accurate for estimating the number of replacement car batteries that will be purchased by U.S.consumers next year?
A)trend extrapolation forecast
B)salesforce survey forecast
C)jury of expert opinion forecast
D)Delphi forecast

Question

Quizplus · Accepted Answer

Trend extrapolation forecast is the most accurate option when influencing factors are stable. In this case, historical data on car battery purchases can be used to identify a trend that can then be extrapolated to forecast future purchases. This method takes into account past patterns and can provide reliable estimates for the future. Salesforce survey forecast, jury of expert opinion forecast, and Delphi forecast involve subjective inputs and may not be as reliable as trend extrapolation in this scenario.

Assuming Influencing Factors Are Reasonably Stable,which of the Following Forecasting