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CIPS Exam L4M7 Topic 8 Question 58 Discussion

Actual exam question for CIPS's L4M7 exam
Question #: 58
Topic #: 8
[All L4M7 Questions]

Long-term forecasting of demand using a subjective method is based on a...

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Suggested Answer: C

by Tammy at May 02, 2025, 05:45 PM

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Cordelia
2 months ago
I think subjective forecasting can provide valuable insights that quantitative methods may overlook.
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Murray
2 months ago
I believe it's important to consider both quantitative and qualitative factors in long-term forecasting.
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Blythe
2 months ago
I agree with Jamal, subjective forecasting relies on intuition and qualitative analysis.
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Jamal
3 months ago
I think long-term forecasting using a subjective method is based on qualitative and experienced-based methods.
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Annmarie
3 months ago
C is the way to go. Subjective forecasting is all about using expert judgment and gut feelings, not some fancy number-crunching.
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Kenny
2 months ago
Subjective forecasting can be useful when there is limited historical data available.
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Susana
2 months ago
Yeah, it's more about intuition and experience rather than complex mathematical models.
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Daisy
2 months ago
I agree, subjective forecasting relies on the expertise of individuals rather than hard data.
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Tanesha
3 months ago
Haha, I bet the answer is D. Calculating the price in detail within the supply chain? That's got to be a trick question!
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Avery
3 months ago
Hmm, I'm not so sure. I was thinking B might be the right answer since it mentions a quantitative, statistical method. This is a tricky one!
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Rikki
2 months ago
In the end, it's important to consider all options and choose the method that best fits the needs of the business.
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Carey
2 months ago
True, it really depends on the organization and the specific circumstances they are dealing with.
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Rickie
3 months ago
But C also mentions experienced-based and intuitive methods, which could be useful in certain situations.
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Raina
3 months ago
I think B is the right answer too. It makes sense to use statistical methods for long-term forecasting.
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Veronique
4 months ago
I think the correct answer is C. Long-term forecasting using a subjective method is definitely a qualitative, experienced-based approach.
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Benedict
3 months ago
Predicting cash flow forecast levels can also be helpful in long-term forecasting.
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Geoffrey
3 months ago
I think it's important to consider both quantitative and qualitative methods when forecasting demand.
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Barrie
3 months ago
I agree, long-term forecasting with a subjective method is definitely more qualitative and experienced-based.
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