Which forecasting method suffers from the possibility of having one person's opinion dominate the forecast?
A) Market research
B) Executive opinion
C) Delphi method
D) Naïve method
E) Gamma method

Question

Quizplus · Accepted Answer

Executive opinion forecasting method involves getting input from a group of high-level executives or managers. However, there is a possibility that one person's opinion may dominate the forecast, leading to biased or inaccurate results. Therefore, this method may not always be reliable.

Which Forecasting Method Suffers from the Possibility of Having One