ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Involve either the extension of historical data or development of associative models
A
Forecasting
B
Jury of Executive Opinion
C
Delphi Method
D
Quantitative Forecasting
E
Qualitative Forecasting
Explanation: 

Detailed explanation-1: -Quantitative methods involve either the projection of historical data or the development of associative models that attempt to utilize causal variables to make a forecast.

Detailed explanation-2: -Time series forecasting occurs when you make scientific predictions based on historical time stamped data. It involves building models through historical analysis and using them to make observations and drive future strategic decision-making.

Detailed explanation-3: -Associative forecasting models include identifying variables that can be useful in estimating another variable that has some type of association with each other. These are also termed casual forecasting models.

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