________ methods are the most common type of forecasting method for the long-term strategic planning process.
A) Regression
B) Qualitative
C) Time series
D) Queuing

Question

Quizplus · Accepted Answer

Qualitative methods are best suited for long-term strategic planning as they are subjective and rely on expert opinions, market research, and other non-quantitative data. Regression and time series methods are more appropriate for short-term forecasting based on historical data. Queuing methods are used to analyze waiting lines and are not applicable for forecasting in strategic planning.

________ Methods Are the Most Common Type of Forecasting Method