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Long-term forecasting of demand using a subjective method is based on a...
Suggested Answer: C
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32 comments · newest first
DO
Dorinda
10 months ago
Wow, I didn't realize subjective methods were so common!
BE
Bernadine
11 months ago
I agree, C is the right choice.
MA
Malcolm
11 months ago
It's definitely a qualitative method!
SH
Sherrell
11 months ago
Not sure about that, I thought it was more quantitative.
RO
Ronald
11 months ago
C makes the most sense based on experience.
GO
Goldie
11 months ago
I’m confused because I thought subjective meant more informal, which makes me think of option C, but I also recall some discussions about qualitative versus quantitative methods.
LE
Leontine
12 months ago
I feel like we had a practice question that mentioned cash flow forecasts, but I don’t think that fits with subjective methods.
RO
Roslyn
12 months ago
I remember discussing qualitative methods in class, but I’m not entirely sure if that’s the only approach we covered.
MA
Madalyn
1 year ago
I think long-term forecasting using a subjective method is more about intuition and experience, so I’m leaning towards option C.
DE
Deja
1 year ago
I think the key here is that the question is asking about "long-term forecasting of demand using a subjective method." That points pretty clearly to option C as the right answer. The other choices don't really fit the description.
KR
Kristeen
1 year ago
I'm a little confused on this one. Is it asking about the method used for long-term forecasting, or the type of forecast itself? I want to make sure I understand the question before I answer.
LA
Latricia
1 year ago
Okay, I'm pretty confident the answer is C. Long-term forecasting using subjective methods is usually based on qualitative factors like expert opinions and intuition, not hard data.
DE
Delila
1 year ago
Hmm, I'm not totally sure about this one. I was thinking it might be D, a quantitative, explicit, statistical, or formal method. But C also sounds plausible. I'll have to think this through a bit more.
VE
Verona
1 year ago
This one seems pretty straightforward. I think the answer is C - a qualitative, informal, experience-based, or intuitive method.
CO
Cordelia
1 year ago
I think subjective forecasting can provide valuable insights that quantitative methods may overlook.
MU
Murray
1 year ago
I believe it's important to consider both quantitative and qualitative factors in long-term forecasting.
BL
Blythe
1 year ago
I agree with Jamal, subjective forecasting relies on intuition and qualitative analysis.
JA
Jamal
1 year ago
I think long-term forecasting using a subjective method is based on qualitative and experienced-based methods.
AN
Annmarie
1 year ago
C is the way to go. Subjective forecasting is all about using expert judgment and gut feelings, not some fancy number-crunching.
KE
Kenny
1 year ago
Subjective forecasting can be useful when there is limited historical data available.
SU
Susana
1 year ago
Yeah, it's more about intuition and experience rather than complex mathematical models.
DA
Daisy
1 year ago
I agree, subjective forecasting relies on the expertise of individuals rather than hard data.
TA
Tanesha
1 year 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!
AV
Avery
1 year 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!
RI
Rikki
1 year ago
In the end, it's important to consider all options and choose the method that best fits the needs of the business.
CA
Carey
1 year ago
True, it really depends on the organization and the specific circumstances they are dealing with.
RI
Rickie
1 year ago
But C also mentions experienced-based and intuitive methods, which could be useful in certain situations.
RA
Raina
1 year ago
I think B is the right answer too. It makes sense to use statistical methods for long-term forecasting.
VE
Veronique
2 years ago
I think the correct answer is C. Long-term forecasting using a subjective method is definitely a qualitative, experienced-based approach.
BE
Benedict
1 year ago
Predicting cash flow forecast levels can also be helpful in long-term forecasting.
GE
Geoffrey
1 year ago
I think it's important to consider both quantitative and qualitative methods when forecasting demand.
BA
Barrie
1 year ago
I agree, long-term forecasting with a subjective method is definitely more qualitative and experienced-based.