Asked by DYLAN PANGIA on Apr 24, 2024
Verified
An organization wants to use a qualitative demand forecasting method.Which of the following is a qualitative method?
A) trend analysis
B) nominal group technique
C) HR budget
D) staffing table
Qualitative Demand Forecasting
The process of predicting future demand for a product or service based on non-quantitative information such as expert opinions and market trends.
Nominal Group Technique
A structured method for group brainstorming that encourages contributions from everyone in the group and is used to generate and prioritize ideas.
- Differentiate among various prediction techniques by identifying if they are qualitative or quantitative in nature.
Verified Answer
WZ
Wenting ZhangMay 02, 2024
Final Answer :
B
Explanation :
The nominal group technique is a qualitative method that involves a group of experts coming together to brainstorm and discuss potential demand factors. Trend analysis, HR budget, and staffing table are all quantitative methods.
Learning Objectives
- Differentiate among various prediction techniques by identifying if they are qualitative or quantitative in nature.
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