APICS Exam CLTD Topic 3 Question 67 Discussion

Actual exam question for APICS's CLTD exam

Question #: 67
Topic #: 3

[All CLTD Questions]

Under what circumstances should management generally consider utilizing qualitative forecasting techniques?

AWhen real-time data flow is available

BWhen historic data is both clear and relatively stable

CWhen developing strategic-level forecasts

DWhen demand is dependent on bill of material (BOM) calculations

Show Suggested Answer

Suggested Answer: A

by France at Nov 26, 2023, 06:51 AM

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Muriel

1 months ago

Option A, definitely. Nothing says 'management' like throwing a bunch of real-time data at a problem and hoping for the best. Qualitative forecasting is for the faint of heart!

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Reed

28 days ago

A) When real-time data flow is available

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Fausto

1 months ago

I hear you all, C is the clear winner. Plus, qualitative forecasting is way more fun than crunching numbers all day. Who needs 'real-time data flow' when you've got a crystal ball, am I right?

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Nicholle

14 hours ago

B) When historic data is both clear and relatively stable

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Lili

1 months ago

C) When developing strategic-level forecasts

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Isidra

1 months ago

A) When real-time data flow is available

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Linwood

1 months ago

Hmm, option B is tempting, but 'clear and relatively stable' historic data is kind of a unicorn, don't you think? I'm leaning towards C as well.

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Misty

1 months ago

I'm not sure about option D. Demand dependent on BOM calculations sounds more like a quantitative approach to me. I'd go with C.

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Louvenia

2 months ago

I believe qualitative forecasting should be used when demand is dependent on bill of material calculations.

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Brice

2 months ago

I agree with Judy. Qualitative techniques are useful when the historic data is not clear and stable.

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Dudley

2 months ago

Option C seems like the way to go. Qualitative techniques are great for strategic-level forecasts when you need to consider broader market trends and expert judgments.

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Lauryn

20 days ago

Absolutely, they can help management make more informed decisions based on a variety of factors.

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Ricki

27 days ago

I think it's important to use qualitative techniques when you need to incorporate subjective opinions and expert knowledge.

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Pilar

1 months ago

Yes, they are especially useful when dealing with uncertain or rapidly changing environments.

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Tamra

1 months ago

I agree, qualitative techniques can provide valuable insights for long-term planning.

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Judy

2 months ago

I think management should consider qualitative forecasting techniques when developing strategic-level forecasts.

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