Question

Which one of the following forecasting techniques is not suited for making forecasts for planning production schedules in the short range ?

• A. Exponent smoothing method
• B. Moving average
• C. Regression analysis
• D. Delphi method

Answer 1

The correct option is D Delphi method

All qualitative techniques are well suited for long and medium range planning (Delphi method, Survey of sales force, historical analogy etc), whereas all quantitative techniques (simple moving average method, exponential smoothing etc) are suitable for short range forecasting.