Question

The qualitative method of forecasting amongst the given options is

• A. Linear Regression
• B. Weighted Moving Average
• C. Delphi
• D. Exponential Smoothing

Hint:

The Delphi method is an expert-based, qualitative forecasting technique used when data is scarce or unreliable, relying on expert judgment and iterative feedback.

Answer 1

The Correct Option is C

- The Delphi method is a qualitative forecasting method that involves obtaining a consensus from a panel of experts. This method is often used for situations where there is little or no historical data available. Experts make predictions or judgments based on their knowledge, and the process typically involves multiple rounds of questioning and feedback.
- Other options such as Linear Regression, Weighted Moving Average, and Exponential Smoothing are quantitative forecasting methods based on historical data and mathematical models.