CHAPTER 4 : Forecasting (Qualitative)

CHAPTER 4 : Forecasting (Qualitative)

3rd Grade

10 Qs

quiz-placeholder

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CHAPTER 4 : Forecasting (Qualitative)

CHAPTER 4 : Forecasting (Qualitative)

Assessment

Quiz

Education

3rd Grade

Practice Problem

Medium

Created by

FARAH (PSP)

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of forecasting?

To randomly guess future outcomes

To predict future trends and events based on data and analysis

To analyze past events without making predictions

To avoid using historical data in decision-making

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines forecasting?

A random approach to decision-making

The technique of estimating future events based on past and present data

The process of collecting historical data without making predictions

A method used only for weather predictions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which key element is essential for accurate forecasting?

Making random assumptions

Ignoring past data

Using historical data and analytical methods

Avoiding statistical techniques

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forecasting are divided in _______ category.

3

4

1

2

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you plan to develop a work schedule, which time range is suitable for you to use.

Short range forecast

Medium range forecast

Long range forecast

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you plan to develop a new product, which time range is suitable for you to use.

Short range forecast

Medium range forecast

Long range forecast

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of qualitative forecasting?

A forecasting method that relies on statistical and mathematical models

A technique that predicts future events based on expert opinions and subjective judgment

A method that only uses historical numerical data for predictions

A forecasting approach that avoids human judgment and intuition

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