Question

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

• A. Delphi
• B. Moving average
• C. Exponential moving average
• D. Regression analysis

Answer 1

The correct option is A Delphi

Delphi technique is suited for making forecasts for planning production schedules in the long range.

Points to Remember :

(i) Forecasting techniques used for planning production schedules for long range are:

• Opinion survey
• Market trial
• Market research
• Delphi technique
• Forecasting techniques used for planning production schedules for short range are:

(a) Time series

• Past average
• Moving average
• Weighted moving average
• Exponential smoothing

(b) Casual or Economic

• Correlation
• Regression