Which of the forecasting technique is the fastest?
Thursday, March 23, 2023
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Question: Which of the forecasting technique is the fastest?
Judgmental forecasting is generally the fastest forecasting technique. It involves using expert opinions or subjective assessments to make predictions about future events. Judgmental forecasting can be done quickly and with minimal data, making it ideal for situations where time is limited or data is scarce. However, judgmental forecasting may also be less accurate than other methods, as it is based on subjective opinions rather than objective data. Some examples of judgmental forecasting techniques include the Delphi method and executive opinions.
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